Smuggled iPhone 5s Sell for as Much as $3,700 in Moscow

Apple does not have a store in Russia and the company has not announced a release date for Russia. but as the new Apple iPhone 5 went on sale around the world yesterday, enterprising individuals from purchasing them elsewhere and bringing them into the country. ABC News reports.

A 16 gigabyte iPhone 5 is going for around 70,000 rubles, or about $2,200. Other vendors are quoting prices up to $3,700. That's several times what it will cost you in an Apple store in the United States, where an unlocked version retails for $649.

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emily | 8:11 AM | News, Buzz |
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