First-Generation iPhone Was Successfully Auctioned Off For RM185,404

The first-generation iPhone from 2007 has successfully sold for over $39,300 (RM185,220). The phone only cost $599 (RM2,823) when it was first released back in 2007.

The iPhone is still untouched in its original box for 15 years after its release. The factory-sealed first-generation 8GB smartphone sold for 50 times its original value.

The phone went for auction at LCG Auctions with a starting bid of $2,500 (RM11,783). The price quickly rose until the bidding closed on Sunday. The winning bid was a whopping $39,339 (RM185,404).

Picture: LCG Auctions

LCG Auctions founder Mark Montero said in a statement, “We expected the bidding for this item to be fervent and it did not disappoint as a handful of avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this record-setting amount by Sunday night.”

“We congratulate the winners, our consignors and all of the bidders for making this one of the most active auctions in our history.”

When the late Steve Jobs announced the first iPhone, it revolutionized the phone industry. Among the features of the first iPhone were a web browser, a 2-megapixel camera, and a 3.5-inch display.

This is far different than the new iPhone 14, which has 128GB of storage and a 12-megapixel camera. The iPhone has come a long way from its initial first generation.

Apple CEO Steve Jobs dubbed it “an iPod, a phone, and an internet communicator” upon its initial introduction 15 years ago. It quickly sold millions of units after its release.

Sources: CNBC, LCG Auctions

Adib Mohd

Recent Posts

TV Sarawak Is Leveling Up, From Kuching to the World with Spotlight 25/26

Since its debut in 2020, TV Sarawak (TVS) has been rewriting what it means to… Read More

48 minutes ago

Skechers Steps Up the Game with New Basketball Collection

Skechers, The Comfort Technology Company™ and a global leader in lifestyle and performance footwear, has… Read More

58 minutes ago

LexisNexis Brings AI Legal Sidekick to Malaysia with Protégé

Move over Suits, the future of law just got an AI upgrade. LexisNexis has officially… Read More

1 hour ago

BJAK Turns Insurance Renewals into Rewards with RM100,000 Mega Giveaway This 10.10

Renewing insurance and road tax is often a last-minute hassle, but BJAK, Malaysia’s largest online… Read More

6 hours ago

SHANTEA Dessert Opens First Outlet at Mid Valley, Serving Malaysian Culture Through Sweet Creations Ahead of Visit Malaysia 2026

Malaysian flavors stepped into the spotlight today as SHANTEA Dessert officially opened its first outlet… Read More

6 hours ago

Energea Powers Up Malaysia with Bold Tangerine Collection and Next-Gen Hybrid-Solid State Powerbank

Energea, the lifestyle-driven power solutions and tech accessories brand, has officially introduced two groundbreaking innovations:… Read More

7 hours ago

This website uses cookies.