The initial price of the first generation iPhone, which released in 2007, was $599. It was auctioned off for about $40,000 in September 2022.
This ridiculously priced phone is a sealed original first generation iPhone purchased when it first became available. On the LCG Auction, this sealed, unopened box was put up for auction. The initial estimate for the price was $30,000. And then it increased all the way to $39,339.60, which is about 65 times what it originally cost.
Apple iPhone 1 is so special for Apple because it was their first ever iPhone. Also, it was introduced to the market by the late Apple co-founder and CEO Steve Jobs. He was so passionate about this phone and his presentation on this iPhone made a huge success. Die-hard Apple fans celebrate him still up to date.
The saying “Old is Gold” still stands as evidence that it is true today.
The most bizarre aspect of this massive iPhone sale is the fact that the new iPhone 14, which was just announced on October 2022, costs $799.
As a side note, the first generation iPhone has a TFT 3.5-inch screen, a 2MP camera, and 16GB of internal storage. Meanwhile the most recent iPhone 14 features a Super Retina OLED 6.1-inch display, a 12MP camera, and 512GB of internal storage.
