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Iphone News: Apple cuts iPhone price

Wednesday, September 5, 2007

Apple cuts iPhone price



The consumer-electronic maker also slashed the price of its iPhone, barely two months after the much-hyped device first came on the market.




Apple Chief Executive Steve Jobs announced the changes at an event in San Francisco on Wednesday.
"We've clearly got a breakthrough product, and we want to make it affordable for even more customers as we enter this holiday season," Jobs said in reference to the price cut on the iPhone.
The price of the 8GB version of iPhone will drop by $200 to $399. That's $100 cheaper than the current price of the 4GB version of the device, which Jobs said will continue to be sold "while supplies last."

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