Johnny's General Electronics via eBay offers the Unlocked Apple iPhone 5 16GB Smartphone for GSM Networks in Black, model no. MD293LL/A, or White, model no. MD294LL/A, for $624.99 with free shipping. That's $24 under what Apple charges directly, although we saw both models for a buck less each three weeks ago. It features an Apple A6 processor, 4" 1136x640 Retina display, 8-megapixel iSight camera, 1.2-megapixel FaceTime HD camera, 1080p video capture, 802.11n wireless, Bluetooth 4.0, 1GB RAM, and more.

Note that this phone will not work on CDMA based carriers such as Verizon, Sprint, Alltel, Cellular One, Metro PCS, and Cricket.