Smart & respectable move. Only ones to blame are the idiots waiting in line in the first place. Even those buying it now are jumping the gun. Iphone is a cellphone not a music player. In US, cellphones are acquired for free or heavy discount when you subscribe to service, unless you are a frivilous spender. The money is in the contracts. AAPL's goal is to hit subscriber marks, not profit on unit sales. That being said, AT&T/Cingular is a bad choice and Iphone is still just a toy rather than a serious mobile handset.
SJ blew it big. Next time he launches a new product, everybody is going to sit on their hands and wait.
maybe we should bail out the first i phone or what ever its called totally like the whinners of sub prime, and the participants long the market who are whinning too ,crying for a big rate cut ASAP. jake the loser
This is what happens when you are an early adopter of an Apple product. They are widely-known in tech circles to screw over their most loyal fans with quick upgrades and price drops. Granted, this is an extreme price drop, but this is hardly unexpected. Did anyone really think Apple was going to go into the holiday season with a $600 phone? There is a finite number of people who are willing to pay that much for a phone, and 99% of them already purchased the phone on June 29. If Apple wanted to expand their audience beyond their traditional hardcore fan base, then they had to make a drastic move.