|Apple Drops Price Of iPhone By $200|
|Posted by: AceBHound on Sep 7th, 2007 6:24 AM|
|Loyal Apple customers and other early adopters of the iPhone were surprised to learn yesterday that the price of the iPhone was reduced from $599 to $399 -- less than 10 weeks after it was released. Apple is offering $100 credit to the Apple Store for customers who had already purchased an iPhone before the price drop. Most early adopters expect prices of electronics to drop after 6 months, but are willing to pay the premium to be among the elite first few to own the product.
Enjoying that period of being among the first — before the price drops and the product reaches the masses — is part of the pleasure, Brin and others say. And in much of the tech world, the usual expectation is that six months will pass before there's a major price cut and a year before a next generation of the product — usually an improved version — appears.