Do you still want to buy the Iphone 5? ....for only $31 

'iPhone 5' launched in China

BEIJING: Several Chinese online stores are offering die-hard Apple fans the opportunity to buy the much-anticipated next-generation iPhone 5. There's just one catch -- the US tech giant hasn't released it yet.

The fake smartphones are available for as little as 200 yuan ($31) on hugely popular websites such as China's largest online marketplace Taobao.com, which has 370 million registered users.

Customers who left comments online appear to have brushed aside the fact that Apple failed to unveil the iPhone 5 on Tuesday, despite expectations it would. It instead launched an updated, improved version of the iPhone 4.

"It's really great, I've already used it for a few days and it's good value for money," one customer who purchased a fake iPhone 5 said on Taobao.

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