When the first iPhone was released in 2007, it revolutionized the smartphone industry with its sleek design and innovative features. However, its biggest flaw was that it was exclusively locked to AT&T’s network, causing frustration among consumers. Fast forward to 2023, and an unlocked first-generation iPhone recently sold at an auction for a staggering $63,356.40, a whopping 10,000% increase from its original price of $599.
The iPhone belonged to a Verizon subscriber named Karen Green, who received it as a gift but decided not to open it. She later sold the phone through LCG Auctions to fund her business after seeing the high prices that unlocked first-generation iPhones were fetching in the market.
Despite having hardware specs that seem laughable by today’s standards, such as 8GB of memory, a 2-megapixel camera, and a 3.5-inch LCD screen, the phone still commanded a hefty price due to its historical significance and rarity. The sale of Green’s phone surpassed previous records set by other unlocked first-generation iPhones, which sold for $34,414 and $39,339 in August and October, respectively.
The auction of Green’s phone serves as a testament to the enduring appeal of the iPhone and the willingness of enthusiasts to pay top dollar for a piece of technological history. As we continue to witness the rapid evolution of smartphones and the rise of new players in the industry, it’s fascinating to look back at where it all began and appreciate the legacy of the first iPhone.