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Sorry your iPhone cost so much
You could almost hear the collective "Duuuuuuude..." of early adopting iPhone buyers when CEO Steve Jobs announced yesterday that Apple was slashing the price of its 8GB iPhone from $599 to $399 — effective immediately. Jobs also announced the discontinuation of the 4GB model, available for only $299 while supplies last. If you want the cheaper model, you'd better hurry to your local Apple store, it's already vanished from the company website.
Investors saw the price cut as a sign of weakness and dumped Apple shares. They were down more than 5 percent yesterday, which helped to send the stock market lower.
Posted on September 6, 2007 4:43 AM PT | Permalink
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