Apple 5th generation iPhone , iPhone 5 is far from its official release ,
but iPhone Dev team have the exploit to jailbreak iPhone 5 ready
before its release . Famous iPhone Jailbreaker George Hotz aka
Geohot  , is the first among the jailbreakers community to have a
working jailbreak for iPhone 5 . He has not revealed the jailbreak
exploit yet but claims that the jailbreak tool can jailbreak future
versions of iPhone which has to be iPhone 5 coming this July .
The Jailbreak has not been revealed , but it must be a bootrom exploit and not a userland jailbreak which can be easily patched by Apple iOS 5 updates . Bootrom exploits are hardware based exploits that needs fixing hardware components to
avoid the iphone from being jailbroken. This is not possible at least for the lifetime of the device as Apple
has no control over the hardware of your phone which you have purchased .