This iPhone Was Sold For Rs 1.3 Crore: Here's Why

The sale is far higher than previously sold factory-sealed units.

Apple discontinued the 4GB model on September 5, 2007.

Source : LCG Auctions

An original 2007 4GB iPhone has broken sales records at auction, with a 4GB first release unit still in its factory sealing selling for over $158,000, or approximately Rs 1.3 crore.

First reported by AppleInsider and verified via the official auction website, The second lot in LCG Auctions' 2023 Summer Premier Auction ran from June 30 until July 16, with the virtual hammer falling on bids at 8:08 P.M. Eastern. After an initial bid of $10,000, the lot went through 28 bids in total, breaking $100,000 in the auction's closing hours and eventually reaching a price of $158,644.

For that money, a bidder secured the "elusive" 4GB original iPhone released on June 29, 2007. The reason for its exclusivity is due to its limited production run, since Apple offered the 8GB model for $100 more, prompting lagging sales for the lower-capacity variant.

Apple discontinued the 4GB model on September 5, 2007, just over two months after its release.

The lot is still factory-sealed and said to be in "exceptional condition" with "virtually flawless" edges and surfaces and tight wrapping. The iPhone was also cosigned by part of the original engineering team at Apple when the lot first launched.

The sale is far higher than previously sold factory-sealed units. In February, the previous record sold for $63,000, a second went for $54,904 in March, and another with a "Lucky You" sticker fetched $40,000.

Meanwhile, the upcoming iPhone 15 series is likely to enter mass production in August, according to analyst Jeff Pu of Haitong International Tech Research. In a big change, this year's iPhone Pro Max model will be different from last year's iteration and may come with a new periscope zoom lens that would be exclusive to the iPhone 15 Pro Max only. This means that the iPhone 15 Pro Max would have the best camera system among all the iPhone 15 series models. Apple has traditionally followed a trend where the Pro and Pro Max models have been spec-for-spec identical except for the screen size and battery size.

Subscribe And Follow ABP Live On Telegram: https://t.me/officialabplive