A first generation iPhone just sold for 317 times its original sticker price

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A first generation iPhone just sold for 317 times its original sticker price
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A first generation, factory sealed 4GB iPhone auctioned for 317 times more than its original 2007 price point.

, the original iPhone hit stores that June in both 4GB and 8GB versions for $499/$599. At the time, the groundbreaking smartphone boasted a then-revolutionary full-color touchscreen interface, web browsing capabilities, a 2 megapixel camera, along with the introduction of app-based programs., part of the first-gen 4GB iPhone’s rarity is owed to initial lagging sales numbers for the model.

The iPhone is now widely considered one of the most revolutionary consumer products to hit store shelves, with

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