Price of iPhone Drops by $200

September 6th, 2007 at 12:00 am


Two months ago, the iPhone was released. With all the media hype since January, Apple has convinced thousands of people to line up infront of stores weeks before the release date. iPhones sold like pancakes in its first weeks with a relatively cheap retail price of $499 and $599 for the 4GB and 8GB respectively.

Today, after only 2 months in the market, the iPhone now only costs $200 less than the original price. Why? According to Endgadget, it’s because of the iPod Touch. Apparently, Apple is also discontinuing the 4GB version of the iPhone so the 8GB now only costs $399.

It’s actually a sound move for Apple since the the iPod Touch will be everything the iPhone is except for the GSM capabilities. However, many iPod owners were enraged by the early price drop (especially the ones who just got theirs more than 15 days ago). for those who got an iPhone within the last 2 weeks, they can avail of the $200 refund as stated in the Apple store returns policy:

"Should Apple reduce its price on any Apple-branded product within fourteen (14) calendar days of the date of purchase, you may request a refund of the difference between the price paid and the current selling price. An original purchase receipt is required, and you must request your refund within fourteen (14) calendar days of the price reduction."

Well, this is all the iPod Touch’s fault but won’t consumers be more careful this time when purchasing Apple products (especially the iPod Touch) since Apple has promised to release another iPhone with 3G and whatever new technology they invent? Whatever Apple’s resaons and goals are, I guess they have so much of a cult following that whatever price tag they stick, people will just keep on wanting their gadgets.