Rare Sealed Original iPhone Fetches A Whopping $190,000 At Auction
Portfolio Pulse from Rounak Jain
A rare sealed box of the original iPhone has been sold at an auction for $190,373, three times more than the previous record of $63,000 set in February this year. The auctioneer LCG Auctions had set an estimate of $50,000-$100,000 for the original iPhone, but the winning bid beat expectations by a huge margin. Apple Inc. (NASDAQ:AAPL) memorabilia fetching record amounts in auctions are common.
July 17, 2023 | 8:07 am
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POSITIVE IMPACT
The auction of a rare original iPhone for a record price highlights the high demand for Apple Inc.'s memorabilia, which could indirectly boost the company's brand value and stock price.
The news of the record auction price for the original iPhone demonstrates the high demand and value associated with Apple's products, even years after their release. This could indirectly boost Apple's brand value and potentially have a positive impact on its stock price in the short term. However, as this is an indirect effect and the news is not about Apple's core business operations, the importance score is set at 60.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100