The Chinese company is already offering an illuminated cable and dock as an unauthorized accessory for Apple latest phone. Apple has yet to approve any third-party products using the Lightning technology.
iPhone5mod said it is using original USB translation chips supplied by an Apple supplier. In theory, this would mean that third-party vendors will not only be able to circumvent Apple's authorization, but also offer cheaper products than Apple down the road. At this time, Apple is selling its Lightning to USB cable for $20, while an 8-pin Lightning to 30-pin adapter sells for $29.
iPhone5mod is offering the iPhone 5 Flash Lightning Dock for $19.90.