An unopened, first-generation iPhone with a 4GB capacity was sold at a public auction in the United States for $190,372, the phone was auctioned by LCG and received a total of 28 bids, selling for approximately 400 times its original price, according to BBC News.
LCG had previously auctioned two units of the first-generation iPhone last year, which were sold at record-breaking prices.
It was expected that the sold iPhone would reach a price between $50,000 and $100,000, but it exceeded all expectations, breaking previous auction records.
Apple had announced the first-generation iPhone in early 2007 and later released it to the market after several months at a price of $500 for the 4GB capacity and $600 for the 8GB capacity, Apple discontinued the 4GB version of the first-generation iPhone after two months of its launch due to declining sales, as customers preferred the doubled capacity by paying only a $100 difference.
Steve Jobs, the late CEO of Apple, introduced the first iPhone on January 9, 2007, featuring a 3.5-inch display, a simple processor from Samsung, a 2-megapixel rear camera, 128MB of RAM, and support for 2G networks only, the sales of the first iPhone model exceeded six million units.
