The iPhone 4G: Worth $5,000?

Apr 20 2010, 9:33am CDT | by Robert Evans

As it stands right now, the iPhone 4G may be the most expensive smartphone in the history of the industry. After Gray Powell lost his next-gen iPhone in a California bar, the tech-savvy fellow who found it decided to take advantage of the situation. DailyFinance reports that the “finder” offered several news blogs the chance to buy the iPhone 4G. His price? $5000.

Engadget turned down the offer. Their editor and chief disapproves of “checkbook journalism” and didn't want to encourage future bad behavior in sources. Gizmodo decided the scoop was too good to pass up, and forked over the cash. It's been a good buy for them; 5 grand is definitely worth two million page views (and counting!)

The fact that money changed hands here could land Gizmodo in murky legal waters, though. Apple has never had a leak like this, and it is unknown how they will react. If the company decides to flex their legal muscles and get some vengeance, Giz could find themselves in the line of fire.

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Robert Evans
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.