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Early Adopters Yowl as iPhone Price Drops

Apple's $200 cut riles consumers, keeps rumor mill working overtime

By Sam Gale Rosen, Newser Staff

Posted Sep 6, 2007 9:43 AM CDT

(Newser) – Folks who ponied up for the first iPhones are angry that Apple has slashed prices by one-third only 2 months after unveiling them. Fuming over the $200 cut threatens to eclipse yesterday's iPod news, the Times of London reports. “Steve Jobs owes an apology to the million or so loyal fans who shelled out full price,” writes one tech blogger.

Apple shares fell on investors' worries that the price cut, which one analyst called "sooner and deeper than we expected," signals that the gadgets aren't selling as briskly as expected. A blog advises shoppers who paid full price that they might be able to return their phones for a refund, then buy another at the new price.

Apple employees cheers as an excited customer leaves the Apple Store with his new iPhone in this June 29, 2007 file photo in New York. (AP Photo/Jason DeCrow, file) (Associated Press)

Apple CEO Steve Jobs announces in San Francisco, Wednesday, Sept. 5, 2007 that the 8GB iPhone will now sell for $399. (AP Photo/Paul Sakuma) (Associated Press)

T Inc. wiped some of the glow off Apple Inc.'s iPhone on Tuesday, releasing numbers that showed fewer people than expected signed up for service in the first two days of the multimedia cell phone's release.(AP... (Associated Press)

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Contrite Jobs Offers $100 iPhone Credit

So sorry he dismissed price-cut complaints from first buyers

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Steve Jobs • iPhone • consumer • Apple • price cut

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Contrite Jobs Offers $100 iPhone Credit

So sorry he dismissed price-cut complaints from first buyers

First in Line for iPhone 4S: Steve Wozniak

Crowds line up in cities across the world, pay tribute to Steve Jobs

Apple's Profits Surge on iPhone, iPad Sales

Company again beats expectations

Steve Jobs Unveils iCloud, New iOS

Apple also unveils new version of Mac OS

Apple Earnings Nearly Double

Even if iPad sales didn't meet expectations

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Newser By Users

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