The unopened 4GB iPhone was bought at auction for nearly 400 times its original price.
by a third to incentivize customers. It was initially priced at $499 for the 4GB model and at $599 for 8GB of storage.
The iPhone was unveiled at Apple's flagship store on Fifth Avenue on June 29, 2007 in New York City. in early 2007. He said it would"reinvent" the telecommunications sector, calling it"magic" and"super smart." The one that sold on Sunday was still in its original factory wrapping. It has a 2-megapixel camera and a web browser. The phone has never been activated.
"The phone's provenance is pristine as the consignor was part of the original engineering team at Apple when the iPhone first launched," LGC Auctions wrote in its listing for the phone."Collectors and investors would be hard pressed to find a superior example." Apple fans have a history of paying big bucks for original products from the company's past. Someone bought a first-generation iPhone for $35,414
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