iPhone 5 Costs 1 Lakh in India

Bangalore: Most countries are still waiting to get their hands on the Apple iPhone 5 and India is one among them too. Apple might make official availability of iPhone 5 in the Indian market after few months of U.S. release.  

India has huge fan followers for Apple and for those impatient Indian fans who can’t wait for this phone for long have another option to get their first hands on iphone 5. Yes, the vast Indian grey markets!

There are people in Mumbai’s Heera Panna Market and Khan Market in Delhi selling out the new iPhone 5 up to 1 lakh, reports Economic Times.

Some stores in the Indian grey market have announced the pricing for the new Apple iPhone 5. The gray market price for 16 GB version is for approximately 76,000 while the 32 GB version is for 85,000 and the 64 GB version is available at a huge price of 1,00,000.

Have a quick look at the iPhone 5 specifications.

It comes with 4 inch Retina Display at a resolution of 1136 x 640 pixels, 8 MP camera with 1080p HD video recording, powered with latest A6 processor and run on its latest iOS 6 operating system. It is entirely made with aluminum and glass and weights just 112 grams.