Apple slashes 8GB iPhone price to $399, 4GB model to fade - Page 2

Yeah, intellectually people know that but emotionally, they are pissed. I would be.

Soon after i bought my G5, apple announced the move to intel. To say i was upset would be an understatement. Luckily, steve jobs was not within driving distance from my house or else i might be in prison right now. After i calmed down, i realized that it could happen to anyone.. What is apple to do?.. don't sell any computers cause they will announce a architecture change soon?. So apple shouldn't drop the price of the phone cause other people bought it for $200 more?. They had to drop it at some point. Regardless of when they dropped it, there will always be someone who bought it at the higher price 2 months ago..

After the G5, i promised i would never overpay for an apple product again. (that thing was expensive!!). That's why i have been raving against the iphone as overpriced.
I find it interesting apple can suddenly still make a profit with a $399 phone instead of $599.

Let this be a lesson to you all.. start to question apple pricing strategies more. I love apple products.. i have the G5, my gf had the iMac, we both have ipods.. but that does not mean pay whatever apple says pay when they release a product. Think for a second...

now, if you think your product is overpriced but you are willing to still get it, go ahead.. but don't tell other people the product isn't overpriced.. that's dishonest. Many people online were really furious at me for suggesting the iphone was overpriced. I wish i could find the post where i stated that apple will drop the price soon after the early adopters have all bought their products (ie, the mac faithful).

Well again, I'm glad to recommend this product to people now. (had i not recently signed a long term, 2 year contract, i too might have switched.. I'd pay $399 for that phone).. oh well..

I'm so glad i told my GF to wait.. she was chomping at the bits.. i told her the price was insane, apple will come to their senses.. hold on a sec. She'll be happy she listened to me.

Hahaha... You guy's are hillarious... You want to be on the bleeding edge sucking the seeds from apples core and then you bitch about the price correction. Suck it up bitches, the price of bragging about owning an iPhone cost you $200.. Live with it.

OH YEAH... i forgot about that still tho... i'm sure they could've gone bigger than 16gb if they wanted to

well your boss can return it within 14 days right? at least he can get SOME of that money back :hug:

Money is money, I consider myself doing very well, but I don't blatantly waste money. I just paid $100 a month to use the iPhone "early" = NOT HAPPY.

Are you unable to read, or just not very smart? "Bitch" about the price correction in my post when I said <quote> "I got exactly what I paid for at $599 (with some added functionality now), so I am not complaining"<unquote>?

Sheesh...... pathetic....


PS: And, people might take you a bit more seriously if you learnt when to use an apostrophe.

So what about those who bought the phone to USE it and not just to brag to a bunch of people who look once and then don't give a shit? (cause that's how all those people you think you're impressing really feel)

Um.. I don't think so. Yes it is selling well from a historic perspective (it outsold the Moto RAZR). But Apple haven't sold 1 million yet. There's no way at the current pace Apple were going to hit the 4 million by the end of this year and 12 million by the end of next year. Something had to be done. It's an aggressive move and I think it's probably correct. Don't make the mistakes that Sony have made with the ps3.

I'm surprised they didn't intro an iPhone nano. Apple must know something I don't. I find the move a litttle curious. Perhaps there will be more announcements on the iPhone front later this year.

I'll stop bitchin, I've figured out how to get my moneys worth in other ways anyway. I know Apple reads some of these boards and I feel it important they know just HOW MANY of use are unhappy about this.

I waited in line two hours on June 29 to get my now-antique 4GB iPhone. I was probably going to buy a new MacBook Pro in the next week or two, but now I just feel screwed. Suddenly my old PowerBook doesn't look so bad. This is going to cost Apple more than $200 in lost business from me.

Now I believe they'll hit their projected numbers. Awwwwsome!

Its not necessarily a feature that's worth $200, Mel.

I think its not really fair to call ppl 'whiners' over this. The price drop was huge and very shortly after launch. Let's face it, the early adopters do have carte blanche to gripe over this.

However, for the rest of us, their loss is our gain. Bittersweet, eh?

I have to admit, I'm taken aback by how aggressive the iPhone's pricing is now. I'll still wait for 'iPhone 2.0' before I'll even seriously consider it, but I have to admit that the temptation meter has been seriously cranked up.

(Well, okay, the ATT exclusive does still put the fire out for me a bit.)

.

How much stock in Apple do you own?

Have NONE of you purchased a new car?!?! You wanna bitch about something now THATS something to bitch about... Just think how much value that car drops in mere seconds after driving it off the lot...

Dave

The new price is the rumored iPhone Nano that Wall Street wanted, they just don't realize it yet.

Cry baby. Early adaptors of technology know they are paying the extra money to be first with the cool new toy. A price drop by the Christmas buying season was inevitable. Moreover, it is a great sign to see Apple get aggressive with pricing. Many of the people not buying claimed price was the reason. Now it will not be.

Finally, Apple likely dropped the price because 1) it is getting better volume discount of memory because of it iPod Touch part orders, and 2) iPhone sales are probably leveling off.

Ouch! Think about all those ridiculously priced hacked iPhones on eBay. Some of those sellers probably bought a boatload hoping to make a ton of money. A $200 price drop would sure be a 2x4 upside the head, eh?

For all those poor buyers who were force-marched into their local Apple store and held up at gunpoint for their $599, and are now unhappy about it, heres a reality check.

Despite troubling recent trends to the contrary, the worlds greatest economy does not, as of yet, entitle its residents to price protection on short-lived consumer electronics.

The marketplace reality is that the iPhone was selling poorly at $599, so Apple did the right thing for long term shareholder returns they dropped the price to stimulate demand. They did not do it to shoot themselves or their shareholders in the foot.

And heres another reality check. For profit corporations exist to create wealth for their shareholders. Maybe those 599-ers should have bought AAPL stock instead?

APPLE STORES OFFER PRICE ADJUSTMENTS.

its a little known fact.

take your phone back if you bought it recently and they will refund the difference.

Seeing how so many of us paid $200 too much for our Iphones, how about Apple giving us an update that isn't focused on milking more money?

Bingo. FTW.

Lighten up. You bought a high end high tech product. That's what happens. I guess you never bought a high end Intel processor in the late 90s, huh? They started at $1000, and every three months dropped by about 40% .

Quit whining. YOUR purchase didn't change - you paid what they asked for a product you probably love. Now they want more sales so they drop the price. Get over it. Next time don't be such a nerd and buy the day of, kay?

For all those complaining, what were you planning on doing with your purchase? Re-sell it this week on eBay? If that is the case, then you've got a right to be upset. If you were planning on using it for two or so years, then upgrade to a then-current model, then nothing has changed for you. Even if at&t started GIVING them away to new customers, still nothing to complain about. You paid the going price going into the agreement (for whatever reason), so live with it. Grow up. Please.

And for those of you who are not going to buy another 1.0 release from Apple again, good for you. I'm one of those (but not for price drop reasons; in fact, if I waited for 2.2 and the price had doubled in the year or two, I'd be satisfied.) If I really, really needed a 1.0 release, I'd still put it off as long as possible, hoping for maybe 1.0.0.2.

Someone help me out here -- how long was it between the introduction of the first video iPod for a crazy $599 and its price being slashed? Did it go down to $499 or $399?

Wonder what, if any, the historical precedent for this is in terms of Apple's past pricing.

Jake

But that's the point. If this product were in a normal life cycle and had a price reduction, that's understandable. This is a brand-new product LINE, not like just updating an iPod to higher capacity or changing colors or adding photo support (as in the past). The LINE has only been in a life cycle for TWO MONTHS. Anyone who thought the price would stay high forever is diluted. But I expected to see something of a normal life-cycle. Apple doesn't usually just cut the price on a current product. They may intro new features and capacity, and the price stays the same or sees a modest reduction, like $50. I call out anyone who says this is normal.


I love Apple products too, and I used to think those people who dissected iPods to make a bill of materials and figure out margins and cost were nuts. I'll be one of those people from now on.


I'll recommend it, once it's available on something besides AT&T. Maybe that's why SOME of us are also upset: we're shanghi'd into AT&T's service AND we paid too much for our phone!

Very few people in the US want those hacked phone anyway. You don't really save any money at T-mobile and you lose your warranty and visual voicemail. People in Europe may want them but iPhones will be over there too in a couple months so there really is no point.

Apple's US Retail Store price protection policy (from http://www.apple.com/legal/sales_pol...tail_us.html):


"Pricing

Should Apple reduce its price on any Apple-branded product within fourteen (14) calendar days of the date of purchase, you may request a refund of the difference between the price paid and the current selling price. An original purchase receipt is required, and you must request your refund within fourteen (14) calendar days of the price reduction."

If you just got your boss to buy one last week, you might end up looking like a hero rather than a schmuck.

If you bought an iPhone already you are now probably a whiner. If you didn't you are now, definitely, a winner!
Still, I'm most definitely holding out for the 16GB model now, now that Mr. touch me has it.

Not quite. The Toyota you buy for $20,000 is driven off the lot and worth $14,000 afterwards, we realize that. BUT, 2 months down the road if your neighbor wants that same car its still $20,000 at the dealership, not $14,000.

Your analogy does not apply.

Hear hear. I've never heard so much bitching about a price DROP.

The 16GB version will probably be out soon for $599 and will lack 3G. 4 weeks later they'll sell it for $399 and bring out the 3G.

This explains the sudden drop Apple expected in their gross margins.
I wonder if Apple has any rebate subsidy in place for the first iPhone buyers?

You think you got your money's worth but your asking for free ringtone's from Apple because you bought early?

I bought my iPhone the first day it was released. It's the first phone I've ever owned that I've liked -- in fact, I love it. Prior to its release I did a lot of research to make sure that it was worth the $599 I spent on it. Given my need for a smartphone, my need for a phone that would work right with my Mac, my need for a new iPod, it clearly came up to being worth $599.

I bought my iPhone the first day it was released, and I haven't regretted the purchase or the price one bit.

Today, the price dropped by $200. My transaction is over two months old. I don't see how Apple dropping the price (likely as component prices come down... it appears that Apple has bulk-purchased all the flash memory on the planet) wrongs me in any way.

Did they make a promise to me not to drop the price? Of course not. In fact, a price drop prior to Christmas was inevitable.

It's karma, I guess. In 2002, I grabbed the G4 iMac. Four months later, when LCD glass prices went through the roof, the cost of the G4 iMac went UP $200. As I see it, it's a wash.

Well, it's a wash, and I have a kick-ass phone.

Apple: throw in Applecare for the iPhone and .Mac for free for those who purchased the phone in the past 60 days whydontcha!

Bingo. Remember those surveys that talked about how many wanted the iPhone if the price was lower. Well Apple sold as many as the market could bear at the first price point. Now after a million happy customers just finished showing their iPhones to everyone else, they just build up enough pent up demand to sell the next 2 million iPHones and stay on target for margins and sales. Those who waited for a lower price will jump in now. This thing is only going to grow and grow like never before.

I understand octane, it was a harsh post, I apologize for the rudeness. I understand your frustration, but I think it's misplaced. When you buy bleeding edge devices, sometimes there is a price to pay for doing so.

Even if it did apply, $14,000 is the trade-in value, if you were to sell it some two months later you could still get probably closer to $18,000 if it was $20,000 new.

My iPhone wouldn't fetch $300 on eBay now, even unlocked. I paid $650 (including tax) on June 29. That's a >50% depreciation in 9 1/2 weeks.

The equivalent would be buying that Toyota for $20,000, then Toyota says oh, now a new one is $10,000, and yours is worth $8,000, thanks for your business! Someone would get shot in the head.

Or better yet, you buy a Mac Pro for $2499 and two months later you can't give it away for $1100. Would YOU be happy in one of those situations? (and don't say $2500 if more than $600 or $10,000 drop is a lot more than $300. That's obvious, and you've missed the point ENTIRELY)

Okay.. you got me, point taken...

So in this case do you feel Apple shouldn't **EVER** drop it's prices?! After all, **someone** will always will have just purchased (whatever) a month or two ago... and will risk upsetting them.

Or should Apple just not do their price drops when it happens to effects you?!

Dave

I just surveyed everyone who bought their iPhones at the original price, and it turns out you are the angriest of them all. Why are you sooooooo pissed off?

If Apple lowered their price $100, you'd be half as pissed off.

If they lowered their price $300, you'd be twice as pissed off.

(It's not entirely linear).

I understand pissed off.

But why are you pissed off?