We’re used to Apple products holding their value longer than other devices, but it’s not often you appreciate 5,000 percent. But that’s exactly what happened here: An unopened original iPhone from 2007 sold at LCG Auctions for a cool $39,339.60, about 50 times its original $599 MSRP.
For those who don’t remember, Apple’s first iPhone had a 3.5-inch screen, 8GB of storage and 2.75G EDGE network. Assuming this model works, it would be almost useless as it has no App Store and cannot be updated beyond iOS 3.
But as a piece of Apple history and nostalgia, it’s priceless. The iPhone was unveiled by Steve Jobs at Macworld San Francisco in January 2007, and it instantly changed the landscape. Where earlier smartphones had small keyboards and even smaller screens, the iPhone introduced the world to multitouch and autocorrect.
The final bid of nearly $40,000 is more than the $35,000 someone paid for a sealed iPhone back in August. At that price, you could buy 20 iPhone 14 Pro Maxes and still have a few thousand left over for cases and an Apple Watch Ultra.
The original iPhone went on sale in June 2007 and was replaced a year later by the iPhone 3G, which included faster cellular connectivity. Apple has released a new iPhone model every year since, with the iPhone 14 arriving in September.