Going Viral: First-Gen Apple iPhone Sells for Over $190,000

Going Viral: First-Gen Apple iPhone Sells for Over $190,000

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the auction of an unopened 2007 iPhone model, which sold for nearly 400 times its original price after 28 bids at LCG auctions. It compares this sale to another iPhone sold earlier in the year for over $63,000. The discussion highlights the mint condition of the phone and its initial pricing challenges. The video concludes with a comparison of the original iPhone's 4GB capacity to the current iPhone 14's 128GB, illustrating technological advancements.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the price difference between the unopened 2007 model and its original price?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many bids were placed for the unopened 2007 model in the auction?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the selling price of another iPhone from 2007 in February of this year?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does 'mint in box' refer to in the context of the auctioned iPhone?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the storage capacity of the base iPhone 14 compared to the original iPhone?

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OFF