I guess it is a supply and demand sort of thing. Or Apple thought they charged too much for their product to their customers. IPhone
I myself do not have an iPhone or “idiotphone” and prefer to live in the caveman era when it comes to cell phones. I’m really not into cell phones since a person pulled out in front of me when I was driving. That person was talking on the cell phone and not paying attention to the road. I find all cell phones as dangerous when some idiot talks and drives and is not paying attention to the road. My thoughts and idea for having a cell phone is when your car breaks down in the middle of nowhere and you need to call AAA or a friend or relative to help you in that emergency.
A friend told me that the iPhone was to remain at the original price for five years and not lose it’s value. It seems when a new technology or anything comes out they try
to charge as much as they can if the demand is present. Apple tested the market and found quite a demand for their iPhone. In economics as more buy or demand a product the price comes down. Some people are angry on how much they paid for the phone and get only $100 back in credit, others don’t really care. In my own opinion they should get a $200 credit and not $100. I read a comment by someone they thought after being a loyal Apple customer they should have more of a refund. Another comment the person was going to take the iPhone back to the place of purchase and get a full refund for it. In another article: Price Cut for iPhone Linked to Slow Sales. Maybe this was a way for Apple to stimulate the sell of the iPhone?
Then I found out in an article that it has been hacked already by a 17 year old kid which I find amusing. iPhone hacker Did not Apple make this iPhone tamper resistant? I guess not unless they put a patch on their device.
