A rare iPhone has sold for almost $200,000. The phone was an original 2007 model of the iPhone, still factory sealed in its box. It is rare even among those elusive first versions of the iPhone, since it has only 4GB of storage. When the iPhone was released, more than 15 years ago, Apple originally offered it in a 4GB or 8GB storage options. The former proved unpopular and Apple struggled to sell it, with most customers instead opting to pay $100 for the extra storage – and it was soon discontinued, just two months after the phone was first released. That means that it has become a “Holy Grail” among collectors of iPhones. Its price reflects that status: original, factory sealed models of the model with larger storage have sold for $40,000 and $63,000 in recent months. The phone came from a member of the original engineering team at Apple when the iPhone first launched, according to to LCG Auctions, which sold the device. The box has never been opened and the phone has never been activated. “Collectors and investors would be hard pressed to find a superior example,” it wrote in the listing. “Relevance and rarity comprise a winning formula for this red-hot collectible.” The company had estimated that the phone would sell for $50,000 to $100,000. In the end, it attracted 28 bids and sold for $190,372.80, LCG Auctions said on its website. The 4GB iPhone had originally sold for $599 when it went on sale at the end of June 2007. Even that eventually proved too much, and Apple dropped the price of the 8GB model to $399 when it discontinued the 4GB version. As well as its 4GB of storage, the phone offered a 12 megapixel camera and 128MB of RAM. Released around 15 years later, the current iPhone 14 Pro comes with up 1TB of storage, a 48MP camera and 6GB of RAM. Read More Apple’s next iPhone may include new battery technology, report suggests Apple launches huge new payment upgrade for iPhone You can now download the huge new iPhone update – if you dare

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ROSH HA’AYIN, Israel & MUMBAI, India--(BUSINESS WIRE)--Jul 26, 2023--

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Elon Musk said the interests of the US and China are “intertwined like conjoined twins” during his surprise visit to China on Tuesday amid strained diplomatic ties between the countries. The Tesla billionaire reached Beijing in his first visit to the country in over three years, visited China’s top ministries and discussed electric vehicles. Mr Musk also met China’s foreign, commerce, and industry ministers and dined with Zeng Yuqun, the chairman of top battery supplier CATL. The visit garnered a lot of attention in China and revealed adulation for Mr Musk from Chinese social media users, even as the relationship between Washington and Beijing plummeted. “The interests of the United States and China are intertwined like conjoined twins,” Mr Musk was quoted as saying by the foreign ministry of China. He was later also quoted by the country’s commerce ministry as saying that relations between the two countries were not a zero-sum game in which one side must lose if the other were to win. While little is known of the discussions the Twitter chief is having – as he remains unusually quiet on social media – Mr Musk and industry minister Jin Zhuanglong “exchanged views on the development of new energy vehicles and intelligent networked vehicles”, said the ministry. China, responsible for half of all global electric vehicle sales, serves as the location for Tesla’s first factory outside the US. The company reportedly submitted applications to expand its production facilities in Shanghai. Mr Musk’s plans were still awaiting approval as he earlier said it faces some “constraints”. The talks are expected to be aimed at easing this expansion, believe observers. The billionaire’s visit has also generated a lot of interest among China’s netizens. Some called him “a pioneer” and “Brother Ma”, in an oblique reference to Jack Ma, while others said he should become the next US president. “He’s a global idol,” wrote one Chinese social media user. “Elon Musk is just great, if only China could have someone like Elon Musk,” said another. In recent months, foreign companies have been facing increasing pressure in China, with a recent crackdown on international consulting firms. Both the US and China have also imposed restrictions on each other’s chipmakers. American companies are also facing pressure from outside as increasing threats of military escalation with Taiwan forces businesses to diversify their supply chains away from China. Mr Musk, however, touted the Asian country’s development as its ministers assured they were looking at increased cooperation. The Chinese government statement cited Mr Musk as saying Tesla was willing to expand its business in China and “opposes decoupling” – a reference to fears the world may split into multiple markets with incompatible products. On Tuesday, foreign minister Qin Gang told Mr Musk that China will “unswervingly promote high-level opening up” and create a “market-oriented, law-based and internationalised business environment”, said the government statement. “China’s development is an opportunity for the world,” it said. Mr Qin also told Mr Musk that China’s electric vehicle market “has broad prospects for development”. Mr Musk is expected to meet other senior Chinese officials and visit the Shanghai plant later in the week, reported Reuters citing sources. With China's economy also experiencing a slowdown and facing internal and external challenges, like anti-monopoly measures and the US-Chinese political tensions respectively, the ruling Communist Party has been engaging with more prominent CEOs off late. Chinese premier Li Qiang earlier held discussions with Apple’s Tim Cook, Pfizer’s Albert Bourla, Rio Tinto’s Jakob Stausholm and Toshiaki Higashihara of Hitachi, reiterating China's commitment to creating a favourable business environment. Read More Elon Musk meets Chinese foreign minister on first visit for three years What is superintelligence? How AI could wipe out humanity – and why the boss of ChatGPT is doomsday prepping Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations Shanghai breaks 100-year-old heat record amid intense heatwave Keeping 1.5C alive ‘bottom of desired outcomes for global businesses at Cop28’ Typhoon Mawar inches closer to Japan threatening to bring heavy rains and winds

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