Apparently, it’s not only tickets to the Lebron James Manila visit that are being sold for preposterous prices online. The same is true with Smart’s Prepaid LTE SIM.
We’ve gotten several sources telling us that the rare LTE SIM cards are being sold in classified stores like Sulit for as high as Php1,200 each. That’s more than 300% of the original retail price of Php350.
Obviously, the apparent lack of supply of the Prepaid LTE SIMs in Smart stores (and even Smart’s own Online Store). Our own experience placed us in at least 3 Smart Stores in Metro Manila the whole morning and still not a single one was found.
That’s the law of Supply and Demand there at work. And since supply is limited, enterprising individuals would buy all of the SIM cards in Smart Stores early on and sell them online for as much as triple the price.
Smart has somewhat addressed this concern by making their Freedom Plan SIM cards as LTE-provisioned SIM cards.
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