The original iPhone launched back in 2007 during Steve Jobs’ memorable keynote, and 16 years after its announcement, original and factory sealed 4GB and 8GB models are being sold at auctions for thousands of dollars. The latest one sold managed to rake in nearly $200,000, and that is because it was an extremely rare item.
The factory-sealed iPhone was sold at the auction for $190,373, which is a rarity because it featured only 4GB of internal storage
For those that do not know, Apple sold a 4GB internal memory version of the original 2007 iPhone for a limited amount of time. Afterwards, it introduced an 8GB variant, which ended up being more popular thanks to sporting double the storage, so naturally, the cheaper version got discontinued after a short while. However, what individuals may not have expected is that due to the limited number of 4GB units available at this time, they will fetch ludicrous sums at auctions, and that is exactly what happened with the latest unit.
According to MacRumors, a 4GB, original, factory-sealed first-generation iPhone was sold for $190,373, a sum that far exceeds the previous amounts for auctioned iPhones. It was anticipated that the 4GB version would sell for $100,000, but with the bidding over, you can see that the amount exceeded all expectations. The initial bid for the iPhone was $10,000, and by the end of the session, the device sold for $190,373. The person that sold the 4GB model was actually a part of the original engineering team.
When this version was first announced in 2007, it retailed for $499, which was quite steep as smartphones sold to customers at the time could be acquired through a contract, making them quite affordable. The 8GB variant launched for $599, and as mentioned above, it quickly soared in popularity, forcing Apple to either cut the price of the 4GB version or outright discontinue it; Apple chose the latter.
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