First-generation iPhone sells at an auction for 75 times its original price

World: The first-generation iPhone from 2007 has sold at auction for an absolutely eye-watering price 75 times more than its original price.

Some people are dying to get their hands on the latest iPhone 14, but if you thought that was high then hear this the OG 8GB Apple iPhone sold for a whopping $39,339 (AED 144,493).

Fifteen years after Apple launched the world-changing smartphone for $499 (AED1,833) an unopened handset has gone for an absolute whopper at an auction in Los Angeles.

So, if you calculate inflation, the first-generation iPhone would set you back roughly $852 (AED3,129) in 2022.

That means the untouched phone fetched more than 75 times its original price.

So, if you happen to have one of these golden oldies lying around and – for some reason – it’s still in its original packaging then you could make a lot of money.

The very first iPhone changed the world as we knew it as it basically combined an iPod and a mobile phone into one device.

When the late Apple CEO Steve Jobs first unveiled the revolutionary phone a decade-and-a-half-ago, Jobs called it a combination of ‘an iPod, a phone, and an internet communicator’.

Apple revolutionised smartphones and mobile technology with a small, square device with a tiny 3.5-inch screen, a 2-megapixel camera, and a web browser.

Source: Agencies Unopen Apple iPhone auctioned Unopen Apple iPhone auctioned

About Apple

Apple Inc. is an American multinational technology company specializing in consumer electronics, software and online services headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue and, as of June 2022, is the world’s biggest company by market capitalization, the fourth-largest personal computer vendor by unit sales and the second-largest mobile phone manufacturer. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Meta, and Microsoft.

Apple was founded as Apple Computer Company on April 1, 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne to develop and sell Wozniak’s Apple I personal computer. It was incorporated by Jobs and Wozniak as Apple Computer, Inc. in 1977 and the company’s next computer, the Apple II, became a best seller and one of the first mass-produced microcomputers.