Monday, September 10, 2007

Apple CEO Steve Jobs apologises for iPhone price cut

The Price Cut by Apple for its product iPhone is already history. The Apple CEO Steve Jobs, in a letter on the company's website has apologized for the price-cut as it disappointed a lot of customers who bought it sometime ago.

Jobs acknowledged that Apple disappointed some of its customers by cutting the price of the iPhone's eight-gigabyte model and said he has received hundreds of e-mails complaining about the price cut.

We all know that this type of things often happen in technology. Sudden fall down of prices is common. You must have experienced that what you bought at some price is bought at a lesser price by your friend. To say in the words of Jobs, "This is life in the technology lane, the technology road is bumpy".

But a small relief is still their for those who bought it that morning, just before the price-drop was announced. IPhone owners who bought their device that morning, he said an interview with USA Today, "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.

But to calm down its angry customers, Apple also offered a $100 store credit to early buyers of the iPhone.

The price drop was certain. As Apple was making huge profits (upto 50%) on this product. This fact was revealed by a lot of bloggers.
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