taobao iphone7header Chinese online stores open for iPhone 5 pre orders

Online retailers in China are accepting pre-orders for the unreleased and un-announced iPhone 5, Apple's much-anticipated next smartphone.

Online retailers in China are accepting pre-orders for the unreleased and un-announced iPhone 5, Apple's much-anticipated next smartphone.

 
Taobao, the country's largest e-commerce website, lists numerous offers for the iPhone 5, with many sellers showing concept pictures and expected specifications, while also asking for a deposit of as much as 1,000 yuan, which is around $160. At least one seller wants the full payment up front, totalling a whopping 6,999 yuan, which is about $1,100.
 
Reuters reports that sellers plan to buy the new model in Hong Kong or the US and then bring it back to China for re-sale, exploiting the delayed release date that mainland China usually suffers from.
 
taobao iphone5 Chinese online stores open for iPhone 5 pre orders
 
With no delivery estimates and so few details about the device to go on, one would think that no one would pre-order the non-existant product. However, reports suggest that the pre-orders are selling like hotcakes, with some users buying two of the hallowed phones.
 
China is a major market for technology that Apple has been attempting to expand further into. It has five stores in the country and plans to open more, while consumers there often turn to the black market to get their hands on Apple products. 
 
The new iPad release in China on 20 July.
 
Source: Reuters