It appears that Apple is surely being complacent in its security dealings, especially in view of their meteoritic rise in the commercial electronic sector in last few years. In 2010, all the brouhaha was made over the Apple's iPhone 4 prototype, when the phone was lost and finally made its way through bidding of $5,000 to a renowned gadget blog. Now fast-forwarding to late July of 2011, an Apple employee had lost yet another next generation iPhone prototype; though we are not sure about the version of this one.

This year's lost property can be traced to a Mexican restaurant cum tequila lounge in San Francisco by the name of Cava 22. It then perhaps made its way to Craigslist and then sold for a puny $200. According to reports, Apple initially did not file any report on their invaluable missing property. However, after a day (or two) of the incident, their representatives finally contacted the police for some serious intervention on part of the law.
The unveiling mystery drama gets even more intriguing, as sources say - Apple actually managed to trace the prototype electronically in a duplex, single-family home in San Francisco's Bernal Heights neighborhood. The police proceeded to search the house (on consent of the owner of the house), though they did not come up with anything suspicious. Apple investigators even offered the man some money in return for the phone and confidentiality, but the owner remained adamant about his innocence.
The post theft session is certainly generating some palaver ranging from being sensational to being plainly ludicrous. After last year's fracas, Apple even beefed up its security measures (at least technically) by keeping such prototypes inside locked and sealed boxes. What’s more interesting is the much awaited launching of the iPhone 5. According to grapevines, this newest iteration of iPhone with a much-advanced processor can be released as early as October (or even in September itself). Now, the incident over this lost next generation prototype took place in late July. Therefore, with a space of only two months between the two polar opposite yet momentous events, one can always come up with a logical presumption over the version of this lost phone.
Via: CNet