NEWS FLASH: iFixit on Wednesday conducted it's usual teardown of the Apple I. The Apple I's component costs total $1.65. Most of the cost saving comes from Apple's use of obsolete components and the lack of Flash memory. Gene Munster sees this as yet another sign of Apple's commitment to a streaming model for the Apple I and raised his price target for AAPL to $14,000 per share. Munster believes that with an ASP of over $100,000 and a component cost of less than $2 the Apple I is no longer just a "hobby" as Jobs claimed in 1977.
A rare example of Apple's first computer, the Apple I, in "superb" condition sold for $174,000 at an auction in London on Tuesday.
Italian businessman and private collector Marco Boglione made the winning bid, which came to about $210,000 after tax, by phone Tuesday at Christie's auction house in London, the Associated Press reports. Prior to the auction, Christie's estimated the computer would sell for between $160,000-240,000. When it was released in 1976, the Apple I sold for $666.66.
The Apple I computer, of which only 200 were made, has become a rare collector's item, as only 30 to 50 units are believed to still exist. The auctioned unit was listed as a "superb example" and came in its original box with a signed letter from Apple cofounder Steve Jobs.
Apple cofounder Steve Wozniak, who hand-built each of the Apple I personal computers, attended the auction, offering to add an autographed letter to the lot. Wozniak told reporters the auction was a historic moment for his work.
According to the AP, the auction included other pieces of technological history, such as an Enigma code-making machine and writings of Alan Turing, who is considered "one of the founders of modern computing."
"Today my heart went out as I got to see things auctioned off like the Turing documents and the Enigma machine ? and the Apple I," said Wozniak after the auction. "It really was an important step, (even though) I didn't feel that way when I designed it."
This is completely nuts to spend this money for this computer.
Same could be said of many things collectors collect. The rationale I assume is another collector will pay them more one day and this has set the value base line. Having said the cynical thing I do admit it is a bit of history and if Apple do over take Exxon as the most valuable company on the planet my bet is one of their first ever products will go up in value.
Gene Munster sees this as yet another sign of Apple's commitment to a streaming model for the Apple I and raised his price target for AAPL to $14,000 per share.
Hmm... AAPL's current price reflects a 112x increase since its IPO at $2.75 (adjusted for the three 2:1 splits).
Its all time low was about $1.82 (August 1985) therefore a 170x return since then - almost the same price appreciation of the Apple I.
With inflation, that $666.66 would be about $2400 today.
I never "played" with an Apple I, but I did get involved with computing at the time of the Apple II, the Tandy TRS-80 Model I (known as the "Trash-80") and the Commodore 8032 series.
In spite of the fact that the Commodore had more memory and an 80-column screen capability, it appeared from the start that Apple had their act together more than the others, beginning with far better documentation and better marketing to software publishers with the "Apple evangelist" program.
It was amazing what programmers used to accomplish in those days considering the tiny bits of disk space and memory available. Code writers would pride themselves on writing tight code. I worked on the development of a test scoring program for schools and when we created the second version of the program, the developer came to me one day and said that we were going to have to go from a 48k memory requirement to 64k, which required the use of an extra 16k memory board (in the Apple II). I freaked out because I didn't think our customers would be willing to invest in buying that extra memory board. But never did we imagine that a typical computer 30 years later would have 2GB of memory. We probably didn't even know what "gig" meant.
$666.66. Hmmm. Mark of the beast? Anti-Christ? Steve Jobs? Ascendancy to his throne at age 66? I think I just broke the code
So all you Apple haters, you have 11 more years until Steve reduces you all to ashes. No worries, though, that's more than enough time to see the light and repent.
$666.66. Hmmm. Mark of the beast? Anti-Christ? Steve Jobs? Ascendancy to his throne at age 66? I think I just broke the code
So all you Apple haters, you have 11 more years until Steve reduces you all to ashes. No worries, though, that's more than enough time to see the light and repent.
Seriously thought, what was up with that pricing? I wonder what they were thinking there. If they were going for whimsy $669.69 would be a lot better.
Comments
Can it play Crysis?
and
Will it blend?
There are rumors circulating about the Apple 2. It's going to be dramatically different, so I wouldn't purchase that Apple 1 just yet.
Let's just say that I've heard from garages around town that it's going to be encased in a wooden box, with the cassette drive built in.
I'm holding out for the floppy disk version.
I'm holding out for the floppy disk version.
It will be two floppy drives, one for the system, the other for the games.
A rare example of Apple's first computer, the Apple I, in "superb" condition sold for $174,000 at an auction in London on Tuesday.
Italian businessman and private collector Marco Boglione made the winning bid, which came to about $210,000 after tax, by phone Tuesday at Christie's auction house in London, the Associated Press reports. Prior to the auction, Christie's estimated the computer would sell for between $160,000-240,000. When it was released in 1976, the Apple I sold for $666.66.
The Apple I computer, of which only 200 were made, has become a rare collector's item, as only 30 to 50 units are believed to still exist. The auctioned unit was listed as a "superb example" and came in its original box with a signed letter from Apple cofounder Steve Jobs.
Apple cofounder Steve Wozniak, who hand-built each of the Apple I personal computers, attended the auction, offering to add an autographed letter to the lot. Wozniak told reporters the auction was a historic moment for his work.
According to the AP, the auction included other pieces of technological history, such as an Enigma code-making machine and writings of Alan Turing, who is considered "one of the founders of modern computing."
"Today my heart went out as I got to see things auctioned off like the Turing documents and the Enigma machine ? and the Apple I," said Wozniak after the auction. "It really was an important step, (even though) I didn't feel that way when I designed it."
Source: Christie's
[ View this article at AppleInsider.com ]
This is completely nuts to spend this money for this computer.
This is completely nuts to spend this money for this computer.
It's good invested money though. My guess the guy who bought that machine, can easily sell it for trice the price in a couple of years.
I have 2 questions:
Can it play Crysis?
and
Will it blend?
A) Crysis 1 or 2?
This is completely nuts to spend this money for this computer.
Same could be said of many things collectors collect. The rationale I assume is another collector will pay them more one day and this has set the value base line. Having said the cynical thing I do admit it is a bit of history and if Apple do over take Exxon as the most valuable company on the planet my bet is one of their first ever products will go up in value.
Gene Munster sees this as yet another sign of Apple's commitment to a streaming model for the Apple I and raised his price target for AAPL to $14,000 per share.
Hmm... AAPL's current price reflects a 112x increase since its IPO at $2.75 (adjusted for the three 2:1 splits).
Its all time low was about $1.82 (August 1985) therefore a 170x return since then - almost the same price appreciation of the Apple I.
From $310 to $14000 would only be a 45x increase.
Gene's underestimating again.
Hmm... AAPL's current price reflects a 112x increase since its IPO at $2.75 (adjusted for the three 2:1 splits).
Its all time low was about $1.82 (August 1985) therefore a 170x return since then - almost the same price appreciation of the Apple I.
From $310 to $14000 would only be a 45x increase.
Gene's underestimating again.
Very clever
This is completely nuts to spend this money for this computer.
You're ignoring the entire concept of collecting. It's the same as someone spending $400,000 on a copy of Action Comics #1.
With inflation, that $666.66 would be about $2400 today.
I never "played" with an Apple I, but I did get involved with computing at the time of the Apple II, the Tandy TRS-80 Model I (known as the "Trash-80") and the Commodore 8032 series.
In spite of the fact that the Commodore had more memory and an 80-column screen capability, it appeared from the start that Apple had their act together more than the others, beginning with far better documentation and better marketing to software publishers with the "Apple evangelist" program.
It was amazing what programmers used to accomplish in those days considering the tiny bits of disk space and memory available. Code writers would pride themselves on writing tight code. I worked on the development of a test scoring program for schools and when we created the second version of the program, the developer came to me one day and said that we were going to have to go from a 48k memory requirement to 64k, which required the use of an extra 16k memory board (in the Apple II). I freaked out because I didn't think our customers would be willing to invest in buying that extra memory board. But never did we imagine that a typical computer 30 years later would have 2GB of memory. We probably didn't even know what "gig" meant.
Maybe I have to wait another 10 or so Years to sell my Apple II. ;-)
eh.
apple sold 200 Apple I's
apple sold millions of Apple II's (and 50,000 in the first 2.5 years)
So all you Apple haters, you have 11 more years until Steve reduces you all to ashes. No worries, though, that's more than enough time to see the light and repent.
@john galt 4K RAM was plenty -- many of the mainframes of that day had 64K.
This unit has 8K RAM!
(zoom-in the picture)
$666.66. Hmmm. Mark of the beast? Anti-Christ? Steve Jobs? Ascendancy to his throne at age 66? I think I just broke the code
So all you Apple haters, you have 11 more years until Steve reduces you all to ashes. No worries, though, that's more than enough time to see the light and repent.
Seriously thought, what was up with that pricing? I wonder what they were thinking there. If they were going for whimsy $669.69 would be a lot better.