When will the iPhone 5 price drop on eBay?

FOR A NEW DEVICE. £530 is too expensive! I prefer £450!

In about a year, when the next iPhone comes out.

What 530 is too expensive?
when the iPhone 4S came out higher!
and is still 599 in many places.

the cheapest way is always going to be to buy it on a contract anyway
phone + airtime/data together is always way cheaper than separately

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