The iPhone 5 was only unveiled (officially) yesterday, yet Chinese iPhone smugglers are already taking pre-orders for the newly launched Apple phone!
Grey markets and PC malls across China are preparing for grey market iPhone 5 to start arriving on the 21st September the global launch of the latest version of Apple’s popular smartphone.
Smugglers are already planning to bring in the new iPhone via Hong Kong on the day of release so that Chinese iPhone fans can get the newphone without having to wait months for the official Chinalaunch date!
Gizchina News of the week
Smugglers set iPhone 5 grey market price
However the price of being the first to get an iPhone 5 in China is high, with grey marketsmugglers setting the iPhone 5 price at a minimum of 10,000 Yuan which is $1500! That’s double the price the scalpers and smugglers will be paying for the new iPhone 5 across the border in Hong Kong!
Regardless of the ridiculous price tag pre-orders are already filling up in the grey markets and like every iPhone launch in China it is set to be a sell out!
Source: Techweb via Techinasia
I wouldn’t pay that much for that machine even if my dick is on fire….. there are a lot more better options than this phone….
@Randy Fabros I agree in that situation a bottle of water would be a much better purchase :p