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by ac29 874 days ago
> iPhone 2 suggested retail price was $300 (~$425 in todays dollars)

This was back when most phones were still carrier subsidized and required long term service contracts. Per Apple's press release, the $299 pricing required "a new two year contract with AT&T". Unsubsidized price was about double.

https://www.apple.com/newsroom/2008/06/09Apple-Introduces-th...