Apple slashes $200 off iPhone; analyst says its good
by at September 8, 2007 12:54 pm
Sections: iPhone, iPhone/iPod touch/iPad
|
Sign up for the FREE Tell Membership and receive benefits that include the digital edition of Tell Magazine sent straight to your inbox, product giveaways, coupons and much more!
Gene Munster, senior analyst at Piper Jaffray has argued that the iPhone’s price drop to $399 does not indicate Apple’s desperation to sell 10 million iPhones in 2007. Rather, this move is supposed to help gain a more significant long-term market share in the cellphone market. The Cupertino-based company self-imposed this figure during MacWorld earlier this year.
Apple on Wednesday announced a $200 price cut in the iPhone, much to the horror of some early adopters. However, Apple honcho Steve Jobs decided to quickly reimburse these unlucky buyers with $100 worth of store credit, in an open letter written to all iPhone owners.
Read [AppleInsider]
Related Posts