Hot off the press, Lazada.com.ph offers Apple Watch locally, ahead of mostly anyone else (I checked few online stores and none of them offer it yet, there are a few sellers in OLX, however). The catch: the price is ridiculous. The Stainless Steel (42mm, screen grab) costs P80,890, a near 100% markup from the original price. The Sport (42 mm, screen grab) is even crazier. It costs P68,890—a whopping near-400% markup. It gets worst. If you read the fine print, there is no product warranty!

The previous price for both watches is, get this, P100,000, which makes the current prices appear discounted. So you are “saving” 19% and 31% for the Sport and the Steel, respectively.

Hilarious.