The iPhone, introduced by Steve Jobs in 2007, deeply disrupted the smartphone market and, more generally, sparked new technologies. Some people find it difficult to assess the value of such a historical object. This does not include the most recent auction where it sold for over $39,000.
An incredible number
As CNBC explains, someone around the world paid exactly $39,339.60 for a still sealed model of the first iPhone. At current exchange rates, this equates to just under €39,900.
For comparison, the first iPhone launched in the US at the time for $599, which would be about $850 today with inflation. Fifteen years later, the model sold thus had more than 50 times its initial value.
LCG Auctions, which organized this auction, does not hide its satisfaction. Its founder, Mark Montero, issued a press release. We expected the offering of this item to heat up and it did not disappoint as a few enthusiastic and experienced collectors raised the price from just over $10,000 on Sunday afternoon to that record amount Sunday evening.
Only 8 GB of storage
This iPhone, which was purchased for over $39,000, boasted of being kept in “exceptional condition” with “undamaged” signs under the plastic seal. The device is presented as brand new.
This first generation iPhone sold for four figures. However, the smartphone only has a 3.5-inch display, 8GB of storage, or a 2MP camera. We’re a long way from its latest successors, the iPhone 14 and iPhone 14 Pro.