$63k for a First Generation iPhone? Don’t Mind If I Do!

As Apple’s current generation iPhones slowly creep toward the $2,000 mark for 1TB of storage, we’re left scratching our heads, wondering what a fair price might be.

With phones becoming more and more like pocket-sized laptops, it’s safe to assume they’ll rise further, perhaps not over $63,000, though; we’ll leave that to the Gen 1 iPhone.

A first-generation, 2007 iPhone recently sold for more than $63,000 at an auction. pic.twitter.com/S8U1XUFRyr

— Def Noodles (@defnoodles) February 21, 2023

No, you don’t need to adjust your screens; you read that correctly. A first-generation Apple iPhone will set you back 40 times what a 1TB iPhone 14 Pro Max will.

Obviously, you can’t just head out and grab the OG off the shelf – the enormous price tag of $63,356.40 (£51,900) came at auction.

https://www.instagram.com/p/Co7P7Zitur5/

Now, before you go scrambling to dig out your old devices, this little gem fetched such a pretty penny due to one thing. It was factory sealed. While many an old iPhone, maybe a significant margin less first generation device, can probably be found knocking about, a factory-sealed one is a rarity.

While this price may leave us all floored, it was less of a shock to the auctioneers at LCG Auctions, who had expected a return of $50,000.

A first-generation iPhone from 2007 has sold for just over $63,000 at an auction pic.twitter.com/Cub7Zu3yTd

— CNN (@CNN) February 21, 2023

The seller, Karen Green, says she received the 8GB device as a gift back in 2007 from friends, but as she’d already purchased a phone herself, it went unopened and unused.

$64k straight profit – how about those margins?

The sale has left me wondering, can anyone out there boast the full 1-14 collection in mint condition? That’d be something, right?