Unopened first-generation iPhone sells for over $39K at auction

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Unopened first-generation iPhone sells for over $39K at auction
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The original iPhone was introduced in January 2007 by then-chief executive Steve Jobs. At the time, the 8-gigabyte model sold for $599, or about $878 adjusted for inflation.

Miramar Capital senior portfolio manager Max Wasserman reveals three stocks that should continue to perform if inflation worsens on 'The Claman Countdown.'sold for $39,339.60 at auction after receiving a total of 28 bids.

"This factory sealed, first-release example is in exceptional condition," LCG Auctions wrote in the lot description. "Virtually flawless along the surface and edges, the factory seal is clean with correct seam details and tightness. Labels on the reverse are correctly pristine beneath the seal. All original - no aftermarket stickers or UPC labels on this one. Brand new, never activated." Bidding for the iPhone started at $2,500.

Apple CEO Steve Jobs holds up the new iPhone that was introduced at Macworld on January 9, 2007 in San Francisco, California. The iPhone has become Apple's most successful product of all time. . Pricing for the iPhone 14 starts at $799, while the iPhone 14 Plus, 14 Pro and 14 Pro Max start at $899, $999 and $1,099, respectively.

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