The Apple iPhone 5 has not even been announced yet by Apple and pre-orders for the highly anticipated device have already started in Chine .
Sellers on chinese website Taobao which is part of the Alibaba group , have put up the mockup images of iPhone 5 along with rumored specifications and offering pre-order for the device for prices well over $1000 .
Another seller , "Zhuji" on Taobao has listed the iPhone 5 for much more , asking $8600 .
According to Reuters , these sellers plan to purchase the iPhone 5 in the US or Hong Kong once it goes on sale and bring it to China .
Apple products , even though manufactured in China , are difficult to get hold there , so dealers try to make huge profit by importing and selling devices in grey market .
Source | Source 2
Sellers on chinese website Taobao which is part of the Alibaba group , have put up the mockup images of iPhone 5 along with rumored specifications and offering pre-order for the device for prices well over $1000 .
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Another seller , "Zhuji" on Taobao has listed the iPhone 5 for much more , asking $8600 .
According to Reuters , these sellers plan to purchase the iPhone 5 in the US or Hong Kong once it goes on sale and bring it to China .
Apple products , even though manufactured in China , are difficult to get hold there , so dealers try to make huge profit by importing and selling devices in grey market .
Source | Source 2