Associated Press *Apple Cuts iPhone Price, Updates iPods* By MAY WONG and RACHEL KONRAD 09.05.07, 9:21 PM ET
SAN FRANCISCO - *Apple Inc.* slashed the price of the top iPhone by $200 Wednesday to bolster holiday sales, but also angered loyal customers who paid top dollar in the gadget's first 10 weeks on the market. ......... The 8-gigabyte iPhone will now cost $399 - one-third cheaper than when it went on sale June 29. The 4-gigabyte iPhone, which sold for $499, will be phased out. By comparison, the iPod Touch will sell for $299 for the 8-gigabyte model and $399 for the 16-gigabyte one. http://www.forbes.com/feeds/ap/2007/09/05/ap4086678.html - full story here .................... My comments and questions - There's some speculation that this price-drop is because of decreasing sales. Could that be true - if yes, what's the reason? Also, is it possible to expect the iphone in India sooner than <sometime> in 2008 (as estimated by some people)? PS: The Apple Stores purchase policy permits request for refund of the difference in price if an apple branded product has been bought with 14 days of the price change. http://www.apple.com/legal/sales_policies/retail_us.html
