Seven years ago Steve Jobs introduced the original iPhone, changing the phone and the industry forever.
On January 9, 2007, after years of rumors and speculation, the iPhone was announced finally announced at the keynote address at the Macworld conference.
“I have been looking forward to this for two and a half years” Jobs said. Today, “Apple is going to reinvent the phone.” The phone was locked to AT&T, had only 2G EDGE Service, and launched June 29, 2007. Many stores sold out within minutes even at the price point $499 for the 4GB version and $599 for the 8GB version. It would later reach 6,000,000 + sales at the time of its discontinuation.
Apple’s (AAPL) stock was trading around $85 when the iPhone 2G was announced. It exceeded $700 five years later.
With the original iPhone, you were stuck with just a handful of stock apps, as Apple waited until iPhone OS 2.0 to introduce the SDK and unleash third-party applications. Today, the App Store is the most popular App Store with over three billion downloads a month.
Seven years later, the iPhone has a larger high-resolution screen, a front facing camera, fingerprint sensor, a greatly improved camera system and much more.
Leave a Reply