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Why did iPhone 5 prices increase?

The iPhone has always been $650 for the 16GB base model, why is Apple charging $50 more now on the iPhone 5 which starts at $699. The Canadian dollar is at $1.02 US and the product is coming from China, so why is Apple stealing an extra $50 from everyone?

Posted on Oct 15, 2012 10:28 PM

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Why did iPhone 5 prices increase?

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