Listed at $499 when it came on to the market in 2007, this cellphone has increased in value by almost 380 times since then
A first-generation iPhone has sold at auction for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007.
LCG Auctions, which hosted Sunday’s sale, said the 4GB iPhone model was 20 times rarer than the 8GB model released at the same time for $599. That’s largely because the 4GB model was discontinued two months after launch given customer preference for the larger memory size.
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Listed at $499 when it came on to the market in 2007, this cellphone has increased in value by almost 380 times since then
A first-generation iPhone has sold at auction for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007.
LCG Auctions, which hosted Sunday’s sale, said the 4GB iPhone model was 20 times rarer than the 8GB model released at the same time for $599. That’s largely because the 4GB model was discontinued two months after launch given customer preference for the larger memory size. Continue reading…Technology | The Guardian