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Waiting for I Phone 5? Pre-orders have started
The craze of Apple products has peaked to a new high in China where merchants are offering pre-booking of Apple I Phone 5 even though the Apple is yet to confirm any specification or release date of the phone.

FOR WHAT may come as a shock to Apple too, I Phone 5 pre-orders have opened up in a Chinese website named TaoBao. The issue was first brought to light by Reuters and soon caught the attention of other media and I Phone lovers across the world. TaoBao which is a part of the Alibaba group is asking the interested respondents to submit $160 to confirm their booking.

There is a lot of attraction towards I Phone 5 even though Apple has not given any official statement about the features and release date of the phone. Concept designs have been released and rumors are rife that the upcoming model of the ever successful I Phone will be a big leap in terms of technical advancements. As per a latest report in CNet, Apple has actually gone back to their development stage to shut critics up who bantered the company after it launched a marginally improved version in I Phone 4S.

The I Phone 5 is rumored to be a true global phone that will support global LTE network. Analysts feel that with keeping support for 3G network, Apple will be able to cater to the Chinese market too. Hence it comes as no surprise when Chinese sites list down I Phone and start booking pre-orders for them. The site claims to be offering the phone by purchasing it from other European markets soon after the launch. This makes it available even before the phone is officially launched in China. Concept designs, analyst speculation and media reports also suggest that the phone will have a larger screen size. However it is tight lipped about any speculation.

Demand for Apple products has always been high in China. Apple has only 5 stores in mainland China and the release of the phone versions are generally staggered much after the European and US markets. This creates a market for smuggled phones. However, TaoBao wants to bring in the phones through legitimate route from Hong Kong or US markets. How they will manage to bypass the unit limit on customs is not clear.

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