Early Adopters' Bragging Rights Dwindle

iPhone-style steep and rapid price drops becoming norm
By Jane Yager,  Newser Staff
Posted Oct 24, 2007 12:32 PM CDT
Apple iPhone displayed at an Apple store in Palo Alto, Calif., Friday, Oct. 19, 2007. Wall Street is expecting Apple Inc. to blow past its earnings target when it reports its fourth fiscal quarter results...   (Associated Press)
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(Newser) – Only two months after the launch of the iPhone, Apple angered its fan base of early adopters by dropping the phone's price sharply. Apple's move signals a broader shift in product life cycles: the shelf life of bragging rights for which early adopters of new gadgets pay premium prices is growing ever shorter, PC World reports.

While the iPhone price drop was especially dramatic, rapid advances in semiconductor technology have made product cycles much shorter. Early adopters increasingly find themselves having to repurchase upgraded versions of their new toys. Despite the growing disadvantages, however, experts believe it will remain "human nature" for early adopters to pay extra for "the newest, coolest stuff."