The tech website claims that “The errant iPhone, which went missing in San Francisco’s Mission district in late July, sparked a scramble by Apple security to recover the device over the next few days, according to a source familiar with the investigation.”
The company and police apparently managed to electronically track the iPhone to a suburban home and confronted a man in his 20s who admitted he was at the Cava 22 bar on the night in question but denied any knowledge of the device. A search revealed nothing.
Rumours are that the iPhone was sold for as little as US$200 on the Craigslist classified advertising site.
A similar scenario was played out in April last year with the difference being that gadget blog Gizmodo managed to acquire the stolen iPhone 4 prototype for US$5000 in cash and posted images of it on the internet.
The iPhone 5 is widely expected to be available to buy in October, but some sources expect an announcement at an Apple event Wednesday.
See the full CNET story here.