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ShawnyMcKnight t1_j9alkkr wrote

Reply to comment by ohlawdeee in A first-generation iPhone from 2007 sold for $63,356 at auction — more than 100 times its original price by dakiki

I wish I had the money to just buy random items and store them in the hopes they would vastly increase in value.

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Acceptable_Reading21 t1_j9bkh3w wrote

I worked for an AT&T retail store during the exploding note 7 era. I had a customer who never opened the seal on their note 7 so they refused to return it after the recall because they were convinced it would be worth money one day.

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Sir_Knumskull t1_j9cov34 wrote

The iconic note 7, truly a revolutionary paradigm shift in technology, a bit faster than the note 6

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Acceptable_Reading21 t1_j9eqiwu wrote

It was recalled twice before it was just cancelled. I think the logic was that they basically didn't exist so the rarity would make it worth something.

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ShawnyMcKnight t1_j9bp0hi wrote

Ah yes! You never know! Terrorists may want to get a hold of some bombs and would pay top dollar for them and I heard the Note 7 was pretty useful for that.

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Budget-CaterpillarJ t1_j9ezi5t wrote

I sold mine for $550 1 year after the debacle ended. I even sent the fireproof box they shipped me to return it in. I never returned the phone, ebayer scooped it up in minutes after it went live. I always wonder how much it might have sold for if I didn't use buy it now.

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VoidAndOcean t1_j9au94e wrote

if they bought stock it would have been worth more.

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ShawnyMcKnight t1_j9auduc wrote

Not really, this is 100x more, the stock didn’t jump 100x

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VoidAndOcean t1_j9av1ml wrote

A bit more than that actually.

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bobartig t1_j9bo4zw wrote

Not quite. Apple's stock increase from mid 2007 (when the iPhone was released) to today is around 38x when using the "adjusted close" price from June 29, 2007 and present day. That accounts for splits and dividend payments in some fashion, and I'm not going to dive too deeply into the best prices to use (because I have no useful input into that question), but the math is pretty close whichever way you look at it.

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billnmorty t1_j9bfk1v wrote

Let’s do some math! How much was the MSRP of the original iPhone (serious question). How much was Apple stock at the time of the unveiling. How much would that stock be worth today.

I always remember the saying “if you love a product, by the stock”

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chrisnmarie t1_j9bnbqs wrote

So since they bailed.... did a lil research and so math and the answer is..... Total return = $600 x 4533% / 100%

Total return = $27,198

got the number based on a article that stated the returns for 3k in 07

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bonesnaps t1_j9dkqgd wrote

I hate Apple products, their walled garden is a fucking joke. I cannot sell the stock since I purposely don't own any.

AMA

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Danji1 t1_j9cp5dc wrote

My buddy did it with Pokemon cards about 10 years ago. He invested most of his savings into a few decks of top graded cards (like 5k at the time). When he first told us about it we all obviously thought he was fucking insane. They are now worth tens, if not hundreds of thousands lol.

He has a charizard card alone that is worth more than my entire life 😂 Apparently Logan Paul did a ring walk to a fight with one of his old cards (he sold it to the seller who then sold it to him) which subsequently went for something silly like 100k.

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bonesnaps t1_j9dkmib wrote

My friend tried this with some collectors editions of videogames. Did not work out well for him.

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Skizot_Bizot t1_j9blme9 wrote

I feel like the catch is that if you had enough money to do that then it's better to just invest elsewhere. Not as fun though!

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ShawnyMcKnight t1_j9bp3z0 wrote

Probably more stressful than anything, just clicking refresh on ebay hoping that the value of that first edition Zune you have skyrockets.

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