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TUAW reports that Giz-China has published photos of what appear to be genuine white iPhone 4s on sale in China



The boxes are marked with a label describing them as being "for internal use only," and certainly look more convincing than many of the knock-offs we see from that area.

Prices reportedly range from 5500 Yuan (about $828 as of this writing) to 8000 Yuan ($1204).
  Real white iPhone 4s supposedly sold on Chinese grey market