Apple's Rare Sealed 4GB iPhone Fetches $130K In Auction – Over 260x Its Original Price
Portfolio Pulse from Rounak Jain
A rare sealed original 4GB iPhone was auctioned for over $130,000, significantly above its original price of $499. This sale highlights the high value collectors place on Apple memorabilia, with Apple Inc. (NASDAQ:AAPL) being directly mentioned. The auctioned iPhone, discontinued just over two months after its release in 2007, fetched more than 260 times its original price. Similar items, including those associated with Apple's co-founders, have also fetched high prices at auctions.
March 26, 2024 | 1:57 pm
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A rare sealed original 4GB iPhone auctioned for over $130,000, highlighting the collector's value for Apple memorabilia. Apple Inc.'s discontinued model fetched more than 260 times its original price.
While the auction of a rare iPhone model for a high price highlights the brand's value and collector interest in Apple memorabilia, it is unlikely to have a direct short-term impact on Apple Inc.'s stock price. The event is more reflective of the cultural and historical significance of Apple's products rather than its current financial performance or future outlook.
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