First-generation Apple iPhone from 2007 sells for $279,000 at US auction

A first-generation Apple iPhone has sold at auction for a whopping $US190,000 ($A279,000) — more than 300 times its original price.

The discontinued phone, originally bought for about $US499 ($A730), was still in its initial packaging and in exceptional condition, according to its auction listing.

WATCH THE VIDEO ABOVE: First generation iPhone debuts in 2007 sparking multi-day campouts.

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The first generation 4GB model changed the face of the tech industry when it was released in 2007, complete with a two-megapixel camera and “revolutionary” web browser.

With a starting bid of $US10,000, the iPhone was expected to sell for up to $US100,000 ($A150,000).

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