On Sunday, a 4GB version of the first-generation iPhone sold at auction for a record $190,372.80.
The first generation iPhone revolutionized the world of technology when it was released in 2007. With its touch screen, internet connection and App Store, the iPhone has shaped the future of smartphones. On Sunday, a 4GB version of the first-generation iPhone was sold at auction for a record price. The phone found buyers for $ 190,372.80. That’s 317 times more than the phone’s original retail price of $599. The iPhone previously sold for $64,000 at an auction.
Why is the 4GB first-gen iPhone so rare?
The iPhone sold was in boxed and unused condition. The phone belonged to one of the Apple engineers who contributed to the development of the iPhone. This sale shows how valuable the first generation iPhone is. The phone was not just a smartphone, it was also a technological revolution.
The first-generation iPhone, released in 2007, sold for a record $190,372.80 in a factory 4GB box. That’s 317 times more than the phone’s original 2007 retail price of $599. The phone went to auction at the end of June and was expected to sell for just between $50,000 and $100,000.
When Apple co-founder Steve Jobs introduced the first iPhone in 2007, the device came with 4GB or 8GB of storage, a 3.5-inch touchscreen, a 2-megapixel camera, and a web browser. Consumers opted for the 8 GB model and Apple discontinued the 4 GB phone soon after, so these are rarer.
How has the storage capacity of the iPhone improved?
The 4GB version was later replaced by the 16GB iPhone, and Apple continued to expand its storage options, reaching the 1TB maximum (1,000 gigabyte equivalent) we’ve seen in the latest iPhones. The most expensive iPhone Apple sells today starts at $1,599 with 1TB of storage.
How much is the most expensive iPhone?
The most expensive iPhone Apple sells today starts at $1,599 with 1TB of storage.