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What's the meaning of the number of Blackberry?

by yjoeseo    Jan 29, 2009, 1:00 PM

I win one of smart phone called Blackberry in the e-Bay.
Exact name of the phone is Blackberry 8703.

I found this model is cheaper than even lower model number of Blackberry (both used one).

It's like... 83XX one is more expansive than 8703 one. I assumed the higher number meant newer version and worth more. But it seems like they are not.
What does the model number mean?

One more question,, I paid $62 for used 8703 one(including charger and so on..). Is it expansive?

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