Save your iPhones! They are rapidly turning into collector's items you could hand down as heirlooms.
Introduced in 2007 by Steve Jobs, the iPhone changed the world o cell phones forever. Apple continued to improve its phone offerings year after year. But more than a decade and a half later, it is the first-generation iPhones that are commanding a price far greater than even the highest-performing latest smartphone.on how unopened pieces of first-generation iPhones are being bought for exorbitantly higher prices than their original sale price.
More than six million first-generation iPhones have been sold, and most of them were opened and used after purchase. It is the rare unopened ones that have become the desire of collectors and can fetch top money if they remain in factory packaging.Last month, we reported how the 4GB iPhone was not a people's favorite when it was released. Buyers picked the 8GB variant by paying a little more money, and Apple discontinued production of the phone shortly thereafter.
The final bid received was $158,644. This did not include the Buyers' premium, which is administrative costs and commissions that auction houses usually add to the winning bid amount and are paid for by the buyer. Put together, a winning bid for the 4GB iPhone would set the buyer back by $190,372.80, nearly 400 times the original price that Apple demanded for the phone back in 2007.
With Apple products garnering so much attention in just two decades post their release, it makes sense to save your iPhones and not make them part of some buy-back offer for a few tens of dollars. Pass it down as a heirloom, and maybe a century later you could make your grandchildren really rich, that's if they hold on to the device until the timing is right.
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