The $8 Million iPhone 4

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By Douglas A. McIntyre Published
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Most US consumers can buy an Apple (NASDAQ: AAPL) iPhone 4 for $200 or $300, depending on the amount of memory storage. The device can cost closer to $600 when it is not tethered to an AT&T (NYSE: T) wireless subscription service.

There is at least one iPhone 4 which is much more expensive than standard models. A bejeweled Apple handset has been sold to gold-mining baron Tony Sage for $8 million. Stuart Hughes, a retailer of expensive devices, based in the UK, has built a new iPhone 4. Only two such handsets will be built, but that may depend on demand.

The handset’s specs for the iPhone 4 Diamond Rose Edition are:

The bezel is handmade from rose with approx 500 individual flawless diamonds which total over 100ct.The rear section is formed using rose gold with the added touch of its rose gold Apple logo and 53 diamonds. The main navigation is made from platinum which holds a single cut 7.4ct pink diamond. Also included (not shown in picture) is a rare 8ct single cut Flawless diamond which can replace the pink one. The chest which houses this unique handset is made from a single block of Granite , in Imperial Pink with the inner lined with Nubuck top grain leather , which weight is a massive 7kg.The handset is 32gb and limited edition of only 2 to be ever made.

In a world in which many rich people have more money than sense, Stuart Hughes will be able to sell dozens of the  impractical devices. Apple products already have a cache of their own. What Apple fan would not like to own the most expensive iPhone 4?

The new version of the phone may have flaws. The antenna may not work. The screen may break easily. That does not matter to the filthy rich. They can always afford repairs.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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