A first generation iPhone fetches $63,000 at auction ...Egypt

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New York CNN  —  A first-generation 2007 iPhone sold for more than $63,000 in an online auction Sunday, more than 100 times its original cost. Dubbed a “first-edition” device by auctioneer LCG Auctions, the box had never been opened. The original iPhone cost $599 and offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It had no app store, ran on a 2G network and was exclusive to AT&T’s network. Bidding on this phone began online earlier this month at $2,500. All told, there were 27 bids on it, according to LCG’s website. Mark Montero, founder of LCG Auctions, told CNN that 10 buyers vied for the iP

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