The iPhone is selling faster than any gadget in history, and when demand is so high, the price customers are willing to pay jumps accordingly. Even so, the lengths consumers are willing to go to, and the prices they'll pay, to get an iPhone 5 are astounding. Apple’s brand spankin’ new iPhone 5 may seem underwhelming to some, including this blogger, but it’s selling like sunscreen at the beach on a 110-degree August afternoon. Apple says it already shattered its sales record with more than 2 million units sold in just 24 hours—and those are all preorders. AT&T reports similarly impressive sales and another broken record, though it didn’t release specific numbers. With so much demand and waning supply, shipping dates have already been pushed back and the price of the iPhone 5 has skyrocketed, at least via unofficial sales channels. Here’s a quick breakdown of how much the iPhone actually costs to manufacture, how much it’s sold for via carriers and via Apple, as well as how much anxious iFanbois are paying for the device on online retailer sites such as eBay. From iSuppli: “The new iPhone 5 carries a bill of materials (BOM) of $199.00 for the low-end model with 16Gbytes of NAND flash memory, according to a preliminary virtual teardown conducted by the IHS iSuppli Teardown Analysis Service. When the $8.00 manufacturing cost is added in, the cost to produce the iPhone 5 rises to $207.00. For the 32Gbyte version of the iPhone 5, the BOM cost increases to $209.00, while 64Gbyte version is estimated at $230.00.” Wireless carriers are selling subsidized devices, along with new two-year service agreements, for $199.99 (16GB); $299.99 (32GB); and $399.99 (64GB), Apple will reportedly sell unlocked versions of the iPhone 5 for $649 (16GB); $749 (32GB); and $849 (64GB). In other words, Apple is selling unlocked iPhone 5s for more than three times the actual manufacturing costs. But the most shocking numbers of all: The money eBay sellers are asking for—and undoubtedly getting—for unlocked iPhone 5 devices. A quick scan of iPhone 5 listings on eBay shows bids of upwards of $900 for unlocked 16 GB iPhone 5s and significantly more for the 32GB and 64GB versions. That is just ridiculous. This is a smartphone. Some people have some serious mixed up priorities. Actor Zach Braff summed up the iPhone 5 hysteria quite nicely on Twitter: “Sleeping on a sidewalk for 4 days for an $800 phone? The Red Cross is always looking for people with extra time: https://www.redcross.org/support/volunteer“ Check out the video below for a quick look at three top-of-the-line iPhone alternatives that won’t cost you and arm and a leg—and an ear. AS Related content brandpost Sponsored by Palo Alto Networks x Accenture Making sense of zero trust - why a managed SASE solution is the ideal option for enterprises Security leaders are turning to SASE as their preferred network security solution amid a new era of cloud-powered businesses working from anywhere. By CIO Contributor Nov 28, 2023 4 mins Network Security feature 8 tips for unleashing the power of unstructured data For most organizations, data in the form of text, video, audio, and other formats is plentiful but remains untapped. Here’s how to unlock business value from this overlooked data trove. By Bob Violino Nov 28, 2023 10 mins Data Mining Data Science Data Management opinion What you don’t know about data management could kill your business Organizations without a solid data management strategy are on a collision course with catastrophe. Unfortunately, that’s most businesses, judging by the fundamental disconnect on the importance of strong data foundations. By Thornton May Nov 28, 2023 6 mins Data Architecture Data Governance Master Data Management brandpost Sponsored by Dell Technologies and Intel® Gen AI without the risks Demystifying generative AI: Practical tips for cost-effective deployment in your organization. By Andy Morris, Enterprise AI Strategy Lead at Intel Nov 27, 2023 6 mins Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe