iPhone 5 Grey Market Prices Set at $1500 in China!

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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 new phone without having to wait months for the official China launch date!

 

Smugglers set iPhone 5 grey market price

 

 

iphone 5 grey market china iPhone 5 Grey Market Prices Set at $1500 in China!

However the price of being the first to get an iPhone 5 in China is high, with grey market smugglers 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

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Andi Sykes is the founder and editor of Gizchina.com. He is a huge technology and gadget fan with a soft spot for hacking devices to do what they were not intended for. Follow Me! Linkedin

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  • Randy Fabros

    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….

    • http://www.gizchina.com Andi

      @Randy Fabros I agree in that situation a bottle of water would be a much better purchase :p

      • Roland

        Or a wet girl… :)

  • fez

    HAHA Andi the voice of reason! i was running through all the other phone options randy could pick from….. totally forgot about the flaming dick…..

  • Randy Fabros

    hehehe….. A bottle of water and an Oppo Finder 5 X909 please……that would be great to call emergency and to play games while waiting to be cleaned up and have surgery….

    • http://www.gizchina.com Andi

      haha yep if I had to wait in ER I think I’d want the Oppo Find 5 to :)

  • Geodex

    Jesus Christ are some people blind or just plain stupid and dumb?

    Why pay high amount as this for an iphone 5?

  • Freeje

    Either you have money to throw away or you’re dumb or maybe both. When the iphone 6 comes around you’ll be doing the same thing.

  • Paul

    @Andi Try to get the x909 for a reciew. Then ask oppo if you can use it as a giveaway or contest. oh man that would be so so fantastiko \m/d°·°b\m/

  • Francis.R.

    When it said “and so much less, too” in the advertising. I am not sure if it has much less features than other cellphones :D
    It looks very well buy I don’t feel the urge of buy it.

  • ThinkOutsideTheBox

    Here In the USA they just announced on Sep 28th Cricket Wireless will have the iphone 5 prepaid off contract for $399 & $499, so it saves money, and I doubt there will be long lines, so that’s a plus for anyone wanting one without the high price & contracts.