The product is a joblot of iPhones, which is a collection of multiple iPhones that are being sold as a bundle. This can include a variety of different models and conditions, from working to non-working devices. Despite the varying quality of the devices, this joblot offers the buyer the opportunity to potentially find a hidden gem or salvage parts for repair. It's a cost-effective option for those looking to own multiple iPhones for different purposes or for those with a tech-savvy mindset who enjoy tinkering with electronics.