Gerry Smith for Huffington Post
But phone trafficking is driven largely by the massive profits made by exploiting the price difference between smartphones sold in the U.S. and overseas. Americans who agree to two-year service contracts with their cell phone company can buy the latest iPhones for about $200 -- a price subsidized by the carrier. In Hong Kong, an iPhone can be sold for as much as $2,000.
Story is largely about a Detroit-based fencing operation where stolen devices were exchanged for cash. So many people were lined up outside the shop they put in portable toilets.
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