Apple Apology

A day after it slashed the price of the iPhone by $200.00, Apple, Inc issued an apology to all those early adopters that spent hours queued up in front of their local reseller just to be first in line to get their mittens on the iPhone. Imagine that! Only if they had waited a few short months. Come with me and lets take a short trip through the Time Track: Apple released the iPhone in late June (and the base price was $600.00). Two days ago (just a tad more than 2 months after it was first released) apple slashed that price by $200.00.

A little patience and you’d have an extra $200.00 in your pocket. Patience is not only a virtue, it could also save you $200.00. Why did Apple reduce the price of the iPhone? Did Steve Jobs suddenly realize that $600.00 is too high a price for a wireless phone with some cool features? Or is he anticipating some stiff competition this coming holiday shopping season?

We don’t know the real reason, but here’s our take: Steve (Jobs) looked in his rear view mirror and spotted some low-priced competition. We think that all the major players in this field will be coming out with something similar to the iPhone before the holiday shopping season begins. Stay tuned.

If it will make those early iPhone consumers happy, Apple announced a $100.00 store rebate to each person who purchased an iPhone before the price cut..