IPhone 3G can be hacked and sold in Asia black market. How much is a hacked/unlocked iPhone 3G with 8 Gigabyte in the black market? The price is dynamically changing according to demand and supply. It is also affected by official channels. For example, yesterday Apple announced that it will sell unlocked iPhone 3G in HongKong for $695.
According to Reuter on July 10, 2008, iPhone 3G was sold for $860 in Thailand and for $437 in Shanghai, China. It should be mentioned that 3G network (TD-SCDMA) is not available in China yet. Today, I visited taobao.com, China's ebay, iPhone 3G with 8G is sold on RMB 4592 on average, or $670. BTW, although GPhone is not available in China black market yet, you can preorder GPhone on taobao.com now, but you need to pay deposit RMB199, or $29.
There are also Chinese iPhone copycat, which is sold as 1/3 price of authentic iPhone.
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