iPhone 5 Price $800? Twitter Goes Mad After Rumors Surface

Cellcom, nTelos, C Spire, GCI, Cricket Communications, and Appalachian Wireless will begin selling the device on Friday, September 28. (Photo : RCR Wireless)

Twitter is ablaze with a rumor about the price of the iPhone 5. Apparently, the iPhone will will run an astonishing $800, and this has many people on Twitter furious despite the rumor having no evidence to support it.

Two trending topics, #800dollarsforaniPhone and iPhone 5 $800, made the top ten on Thursday, August 2.

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When #800dollarsforaniPhone is searched on Twitter, here are some of the sarcastically angry tweets that can be found:

"it better be able to fly me to the moon" - @HarrisonWebb97

"anytime I play music on it, the artist better pop out the iPhone and perform live" - @AlnAndr

"Me & God better be able to FaceTime" - @ItsTalkingTed

The rumor, according to IBTimes, can be traced back to an article on GameNGuide that said a Chinese auction house put up an iPhone 5. They did state that the listing was most likely a scam.

Will the iPhone 5 cost $800? In all honesty, it probably will - without a two-year contract. The current 64GB iPhone 4S goes for $399 even with a carrier. HuffingtonPostUK puts the price of an unlocked 64GB iPhone 4S at $1087. So  yes, if you are going to buy an unlocked, high-storage iPhone 5, chances are that it will run $800 or even more. But if you can simply upgrade, or renew your two-year contract, the cost should probably be half.

The iPhone 5 is expected to come out in September or October. Apple is expected to make a major announcement revealing a new line of products on September 12, and website iMore has the release date of the iPhone 5 pegged at September 21. Other news sources, state that an October release date is more likely.

The iPhone 5 is the most eagerly-anticipated consumer electronics device of 2012. Although not officially confirmed, it will sport a larger, 4-inch screen, 4G LTE support, a quad-core processor, a smaller 19-pin dock, and more.