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Yes, the first iPhone was $500 12 years ago. And today, through the miracle of the free market an iPhone will only cost you... $599 with trade in. adjusts glas

• Synaesthesia 7y ago
  That $500 was the pay in on the contract, not the price of the phone.
• mattkevan 7y ago
  To be fair, the iPhone 11 is well over two orders of magnitude more powerful than the iPhone 1. Not bad for another $99.