The next-generation iPhone is one of the year’s most highly-anticipated smartphone releases. The handset is expected to be one of the line’s biggest updates since it was introduced, 5 years ago.

According to a new report, consumer demand for the unreleased device is already bubbling. And some Chinese resellers are taking advantage of the hype, by taking pre-orders for the phone…

Reuters reports:

“Apple Inc’s (AAPL.O) next-generation iPhone has not even been released yet, but opportunistic sellers on China’s largest e-commerce platform, Taobao, are already accepting pre-orders, complete with mock-up pictures and purported technical specifications.”

Sellers on Taobao, a unit of Alibaba Group, say they’ve already received dozens of orders, despite the fact that some are asking for as much as 6,999 yuan (or $1,100) up front. The sellers say they plan to buy the handset in either Hong Kong or the United States when it’s released.

Demand for Apple products has always been high in China, especially around launch time. Due to stringent approval processes, new products can sometimes take months to hit the country (see third-generation iPad), allowing early-bird resellers to make a hefty profit.

It’ll be interesting to see if the new iPhone can live up to all of the hype. Recent rumors suggest that the handset will surface sometime in October, and feature a larger 4-inch display, LTE-compatibility, and a number of other enhancements.

Would you pre-order a next-gen iPhone if given the opportunity?

  • you always can find suckers when it comes to a new iphone

  • OK, why are everyone referring to the next iPhone as iPhone 5? The 4S is the fifth generation (original, 3g, 3gs, 4, 4s), so the next one is definitely not the fifth one. What the hell…

    • That’s like saying that PlayStation 3 Slim is PlayStation 4 and so on.. I get what you’re trying to say but still.

    • 1337lolzorz

      That’s the name of the phone! You will see on the box “iPhone 5”. You have no real point

    • I agree it will probably have the distinction “the new iPhone!”

    • @dongiuj

      You’re mixing up generations with phone names. Either stick to generations or stick to phone names, it might make life easier.

      • What makes the next iPhone the iPhone “5”? It isn’t the fifth generation, there is no 5G… I don’t get it.

      • @dongiuj

        What makes the samsung galaxy, “galaxy”. It’s not a galaxy. Don’t worry about it, it’s just a name.

  • @dongiuj

    Nope

  • iphone5 will be the hardest iphone to get in the first 3 months..

  • I think hype should not drive a person to pay extra just to be among the first people to get their hands on the new iphone.Patience is a virtue ,unless you are unpatient or in a situation where you can get it for months after its release.