Asians sleep on NYC street waiting for iPhone to ship to China!!!

Asians, mostly Chinese, sleep in front of the Apple store near Grand Central in New York City.

They are waiting for the store to open so they can purchase the new iPhone 5 and ship it back to China, where it can fetch for $3,000!! (Yeah we just had to ask them!)

According to media reports, the iPhone 5 is expected go on sale in China by year-end.

The Apple store limits the purchase of only 2 iPhones per person. This morning, the store only let the first 70 people in, after camping over night, to buy their phones.

Sounds like a good business deal? $6000-$400 (price of 2 iPhones) = $5,600 x 30days x ??months = jackpot!! I’d do that for a year!!!

pictures by Hillary Latos