“Why not get it through us” says the COO. Genuine Jacky’s.
I was going through this blog posted by Mr. Ashish Panjabi, Chief Operating Officer of Jacky’s Electronics and was baffled at what I read about their iPad 2 prices. Let me post a picture of this paragraph from his blog:
I don’t think Mr. Punjabi got his thoughts properly to his audience (or me in particular) because, If I am reading this correctly, it basically states that whoever wants to get ripped off by buying an iPad 2, please let Jacky’s be one that rips you off.
We called their Dubai Mall store to find the price at which they were selling it for and were informed an insane pricing of AED 5,300 for the 16GB WiFi unit. Let me point out that nahel.com was selling the exact same thing for 2,999 Dirhams two days back while JadoPado had it for 2,800 today. Both of them are out of stock at the moment but the premium Jacky’s is charging is quite clear.
So what is their explanation for this? Again, from their blog:
“Currently we’re buying stocks from traders in the US who are literally lining up outside Apple Store’s in the US and buying stocks at full retail price. Due to the unprecedented demand for the iPad 2, we’re buying these stocks at whatever price they’ll sell them to us at, which at the moment is at prices much higher than Apple’s official retail selling prices. In addition to this, we’re having to factor in costs of shipping, customs duties and warranty which all play a part in determining our selling price.”
I’m not sure I buy that. If comparatively smaller businesses like nahel.com and JadoPado can sell the iPad 2 for almost half as much as what Jackys is charging, then obviously someone with a much greater pull should be able to get them at similar or even lower prices.
Lets hope I don’t get sued for this.