Apple geeks in the house- this one is for you! We have news of an unopened first-generation iPhone (from when it debuted in 2007) that recently hit the market. The tech accessory which was priced at an affordable $599 back was sold for an eye-watering $39,000. Yes, that’s right! The iconic phone went under the hammer on September 30 with LCG Auctions. It received the lowest bid at $2500 but was finally sold for the whopping sum. It comes with a 3.5-inch screen, a 2-megapixel camera, and a Safari web browser and was dubbed as “an iPod, a phone, and an internet communicator all in one” by Steve Jobs back in the day.
The item’s description read: “Collectors and investors would be hard-pressed to find a superior example. Relevance and rarity comprise a winning formula for this red-hot collectible.” It was further said to be in exceptional condition and ‘virtually flawless’ with the proper labels without any aftermarket stickers or universal product code (UPC) labels.
On a related note, had you invested $600 in Apple stock on 29th June 2007, the day the original iPhone was released, your investment would have grown to $19,813. (based on the closing price of Apple on 17th October)