A first-generation iPhone hasactually offered at auction for $190,373, approximately 380 times its initial cost of $499 when it went for sale in 2007
FILE – Apple CEO Steve Jobs holds up an Apple iPhone at the MacWorld Conference, Jan. 9, 2007, in San Francisco. On Sunday, July 16, 2023, a first-generation iPhone offered at auction for $190,373, nearly 380 times its initial cost of $499 when the groundbreaking gadget went for sale in2007 (AP Photo/Paul Sakuma, File)
The Associated Press
A first-generation iPhone hasactually offered at auction for $190,373, practically 380 times its initial cost of $499 when the groundbreaking gadget went for sale in 2007.
LCG Auctions, which hosted Sunday’s sale, stated the 4GB iPhone design was 20 times rarer than the 8GB design launched at the exactsame time for $599. That’s mostly because the 4GB design was ceased 2 month