×
Menu
Search

iPhone.com domain cost Millions of Dollars for Apple



Pin It


Jul 05 2007
Facebook
Twitter
Digg
Pinterest
Linked In

How can you be a millionaire on the web? There’re thousands of ways but it’s sure by owning the relevant domain name and a bit of luck, at least that’s what Michael Kovatch will tells you. AppleInsider who picked Jay Westerdal as reported that the deal could cost Apple Inc. (Nasdaq: AAPL, stock) millions of dollars to secure the www.iPhone.com.

Michael Kovatch had registered the domain well in 1995, before Apple chief Steve Jobs’ return to his company, and has been using the site for an online cellphone store – The Internet Phone Company. He knew the Internet would allow telephone calls one day (the same reason he registered for iPhone.com) but he didn’t know Apple’s revolutionary phone will makes him an instant Millionaire. Although Michael would not disclose the sale prices, considering the importance of the domain to Apple, the smallest figure would be a seven-digit sale.

Michael initially turned down the offer from Apple as he registered the domain back in 1995 and was building a company on the domain. But I guess the strength of the dollars speaks louder than anything else. A check shows that the domain’s ownership has been transferred to Apple and now Apple Inc. is the proud owner of the DNS. It could just been updated as early as 3rd July, 2007.

Considering
APPLE iPhone Sales Top US$100 Million on Day-1 and the high potential of Apple to sell 1 million iPhones before end of 2007, I wouldn’t be surprise if Michael’s demand for $10 million for the domain’s release could easily be accommodated by Steve Jobs. Furthermore it’s not everyday that you can strike such a gold mine. If you’re Michael, how much would you ask to let go of the iPhone.com domain?

Other Articles That May Interest You …



Pin It

FinanceTwitter SignOff
If you enjoyed this post, what shall you do next? Consider:



Like FinanceTwitter Tweet FinanceTwitter Subscribe Newsletter   Leave Comment Share With Others


Comments

Boy – I wish I could come up with some “forward thinking” domain name to register that would make me millions someday….

yes janet, i wish i know in advance but i guess if you could think of good domain-name, just hold on to it and do the same thing like what michael did – build some business on top of it …

if it takes off, then so much the better … if not then email steve jobs if he’s interested 😛

Leave a Reply

(required)

(required)(will not be published)