How much did the first iPhone (4 GB model) cost?
The iPhone was released in the United States on June 29, 2007, at the price of $499 for the 4 GB model and $599 for the 8 GB model, both requiring a 2-year contract. Thousands of people were reported to have waited outside Apple and AT&T retail stores days before the device's launch; many stores reported stock shortages within an hour of availability.
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