When the iPhone came out in late June, the retail price was $599. Now they're going for $399. While that's still out of range for anyone's dreams of a one-iPhone-per-child school project, we can see the gadgets slide down a little closer to the intersection of demand and supply.
According to Steve Jobs, "there will always be people who pay top dollar for the latest electronics but get angry later when the price drops". True, but few expect next generation technologies, and lower prices for the displaced technologies, to hit the market in only three months. Bill Gates seems to always get worse press for his capitalist ventures, but maybe Bill's got some things right about the world that Steve still hasn't learned.
Link: Apple responds to backlash, offers store credit - Wireless World - MSNBC.com
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