"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.
Take a look below at the video of the original announcement.
Which iPhone launch was your favorite?