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16-year-old first-generation iPhone sold for $63000, 100 times over its original price

In a box and sealed tight, the first-ever iPhone, the first-generation more precisely, has been sold. The revolutionary first iPhone was sold off at an auction at LGC Auctions for $63 thousand (over Rs 83 lakh) over a hundred times more than its original price when it first came out.

The auctioneer called it a ‘highly-desirable factory sealed first generation original Apple iPhone from 2007.

The iconic first-generation iPhone was launched in 2007. It was originally owned by a tattoo artist Karen Green. Initially, the phone was expected to draw $50000 however, the market-disrupting device achieved secured the final bid of $63,356 after 27 bids.

The box still was packed in its original box which many argued attributed to its higher bid.  

The first iPhone, aka the ‘iPhone 1’ or ‘iPhone 2G’, came with either 4, 8, or 16 GB of internal storage. It had a 2-megapixel camera the kind of specs that look too basic but still was highly appreciated 17 years ago.

iPhone 1
The first-generation iPhone was launched in 2007 and the model changed the mobile phone industry forever

When it first came out, the device was sold at the price range from $499 to $599.

Check out: Apple iPhone Price in Nepal | Latest 2023 Update

The legacy of the first-generation iPhone and the current juggernaut

When Steve Jobs, the former Apple CEO unveiled the first-ever iPhone, the event was forever immortalized on the internet. There were obvious indications that the product would be revolutionary for the innovative company and it didn’t disappoint.

The iPhone 1 came with a maximum of 16GB storage and a 2MP camera. The current-generation iPhone 14 Pro Max comes with a maximum capacity of 1TB of storage and a 48MP shooter. In the seventeen years, iPhones have remarkably improved in quality and quantity.

iPhone 14 Pro Max
iPhone 14 Pro Max comes with one of the highest specs in the phone market at the moment

Karen received the phone as a gift after she started a new job. The device remained unopened and was an 8GB variant instead of 4GB contributing to the highly competitive bid for the legacy phone.

After its launch in 2007, iPhone 1 became the company’s most successful lineup with over 6.1 million units sold worldwide.

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