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Gray Market

Would you trade a gold iPhone 5s for a month of housework? If so, you're not alone...

For as long as Apple has been selling iPhones, people have been scalping them. What makes this particular story interesting is that it's not simply buying in one place and selling higher in another. This is buying and using as pseudo-currency or barter for goods and services. In other words, iPhone-as-money. Vernon Silver, Businessweek:

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Over 1 million unlocked iPhone running on T-Mobile USA

Seth Weintraub over at 9to5Mac heard from a T-Mobile USA spokesman that their network is already home to over 1 million iPhones, and this is without the benefit of an Apple contract, T-Mobile supplied micro-SIMs, or support for their AWS 3G/4G bands. That means, right now, there are over a million people willing to jailbreak and unlock, or buy an unlocked model, manually cut their SIM cards, and go 2G EDGE only just to be on T-Mo with their iPhones.

There have been rumors that iPhone 5 would support T-Mobile's AWS HSPA and HSPA+ bands, and AT&T is trying to buy T-Mobile and if that goes through, it probably means iPhones for everyone.

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The iPhone Gray Market