HolyCoast: There's Another One Born Every Minute
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Thursday, September 06, 2007

There's Another One Born Every Minute

To all you folks who jumped at those $600 iPhones I have just one word for you: Suckers!
SAN FRANCISCO, Sept. 5 — Apple announced a price cut for its iPhone today, along with a new iPod that looks like the iPhone and a version of its iTunes store that downloads music directly to the player rather than a computer.

Steven P. Jobs, the chief executive, called the moves a “total refresh” of the iPod line, and they signify a move to turning the music player into a hand-held computer.

The company dropped the price of its 8-gigabyte iPhone by $200, to $399. The company did not give a reason for the price cut, which analysts said has been selling very well.

That's what you get for being an early adopter.

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