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First-generation iPhone from 2007 sells for $63,000 at auction

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The "iconic factory sealed, first-release iPhone in outstanding condition" is pictured in a photo provided by LCG Auctions. (Credit: LCG Auctions) A first-generation iPhone from 2007 recently sold for more than $63,000 at an auction, far exceeding its original retail price of $499 to $599.

The iPhone was first introduced by then-Apple CEO Steve Jobs in January 2007 at MacWorld San Francisco who famously told the crowd: "We're going to make some history together today." The device officially went on sale in June of that year, featuring 4 GB or 8 GB of storage, an innovative touchscreen, a 2-megapixel camera, and a web browser.

Upon its release, Time hailed the iPhone as the Invention of the Year and it went on to become one of the most impactful consumer tech products of the decade, changing how we communicate, make payments, take photos, and more.Here are some interesting facts about the tech giant Apple Inc., including how the company got its name and who the original three founders were.On Sunday, an "iconic factory sealed, first-release iPhone in outstanding condition" went up for sale via LCG Auctions and fetched $63,356.

It had been estimated to sell for at least $50,000. The phone’s original owner, Karen Green, went on the talk show "The Doctor & The Diva" to have it appraised in 2019.

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