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.
While the street price of early units of the iPhone 5 are high, it still did not beat the asking price of the iPhone 4S at Php52k and the iPhone 4 at Php92k when they first came out.
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.