Are you one of our readers who want the iPhone 5 but were unfortunate not to have been able to order it before it has sold out?

It turns out some of those who are part of the initial batch of owners of the iPhone 5 are willing to sell you their smartphones but for a lofty price.

Demand for the iPhone 5 has reached a feverish high with some people even bidding nearly $10,000 for an iPhone.

Other sites like CNET and Mashable are reporting that the new Apple device is selling on eBay for over $1,600.

A quick search through the site reveals this seller which says its item is in Montreal, Canada: a 64GB black iPhone 5 that has a bidder saying they’ll pay $9,701 for the device.

Of course, there’s still the possibility that those who bid for the iPhone in this listing are just joy bidders but a look into current listings for iPhone 5 units show prices reaching $2,000, $2,500 and up to $2,900.

Apple revealed just recently that it has sold out its initial batch of iPhone 5 units. According to the company, the over 2 million people preordered the iPhone 5 during the first 24 hours it went on preorder.

AT&T has also said that the new Apple smartphone is the fastest-selling iPhone they have ever handled.

The iPhone 5 was unveiled by Apple just last week.

httpv://www.youtube.com/watch?v=u5X5cV-4LRo

About Solon Harmony Dolor

A passion for technology and journalism makes this upcoming writer very interested in social media and technology news. Fresh from finishing an English and Journalism degree from the University of the Philippines Diliman, he aims to bring interesting news to our readers .