$24,400 for a cellphoneVertu(Nokia Corp.'s Subsidiary) is producing and selling limited edition of 60 phones each priced at $24,400. The phone "The Vertu Ascent Ferrari 60" is created to celebrate sports-car maker Ferrari SpA's 60th anniversary. According to company representative, the phones are hand assembled using top-of-the-line stainless steel and titanium components, as well as leather from authentic Ferrari suppliers.
People would be paying money for it's craftmanship and high quality branded material used for it. Paying $24,400 only for a phone is out of reach for middle-class like us but it's for sure, someone diehard fan of ferrari or celebrities gonna own this one for sure as a status symbol.