Apple Chops iPhone Price

Apple just slashed the price of its 8GB iPhone from $599 to $399. This, of course, has pissed off a lot of the early adopters who not only paid the higher-price but waited in line for hours, sometimes days, just to get one. Steve Jobs says tough shit:

"That's technology. If they bought it this morning, they should go back to where they bought it and talk to them. If they bought it a month ago, well, that's what happens in technology."

Yes, I would have to agree with Jobs on this one, the arrogant prick. The early adopters paid a premium to be the first people to purchase a new high-tech product, forgoing future price drops as a result of market satuation. We've seen this with video game systems, flat-screen televisions and DVD players. In fact, I paid $400 for my first DVD player back in the day, only to see the price drop to $25 today.

Just heed this maxim: it pays to wait-- usually, er, most of the time. Whatever. Nevertheless, even with the price drop I'm still not enamored with the iPhone. And the technology is so new, in fact, it still needs a lot of tweaking. But I do love the new Motorola RAZR phones, though.