iPhone 5 Rumors and Release Date - Already on Sale in China

By Luke Caulfield , Updated Jul 12, 2012 01:44 PM EDT

Mum's still the official word from Apple regarding a release date, technical specs, or even a cost upon release, but that isn't stopping retailers from getting a foot in the door. As Reuters reports, China's largest e-commerce platform, TaoBao, is already taking pre-orders for the next-gen phone. 

Sales on Taobao are auction based, so the potential for being ripped off is high. One seller by the name of "Dahai99888" is asking for (the approximate value) $1,100. Obviously, the iPhone will cost a pretty penny, but pigs will fly before it costs that much. Some sellers are even asking for a deposit, despite that they can't give a delivery time for the product.

Hopefully, not many will fall victim to potential scammers, and that seems to be the case for the time being. Another seller claims to have about two dozen order for the phone, which doesn't seem like a lot, especially considering that TaoBao has over 370 MILLION registered users, and over 800 million product listings. 

Keeping with tradition, Apple...STILL...hasn't commented on...pretty much anything about the next iPhone lately, including these recent sales on Taobao. Rumors about what the next iPhone will launch with include: a larger display screen, thinner and taller design, improved camera, swappable camera lens, new processor, a smaller dock connector, and NFC support.

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