The first batch of iPhone 5 will be released in 9 countries today. This includes neighboring countries such as Singapore and Hong Kong. Grey market shipments will also arrive in the Philippine tomorrow with a staggering street price of Php47k.
The grey market prices fluctuate and sources tell me it moves at a price of Php1,500 cheaper per day from the original asking price, until such time it stabilizes (which normally happens once telcos start offering it).
As for Smart and Globe, inside sources told us the official release of the iPhone 5 might come it around November which is 11 months from the official release of the iPhon 4S in December last year.