iPhone Updates: $200 Price Cut for 8GB, Good Riddance for 4GB

iPhone Updates: $200 Price Cut for 8GB, Good Riddance for 4GB

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Looks like Steve Jobs was perfectly content with cashing in on the early craze surrounding the Apple iPhone. He knew that he could charge an arm and a leg for it, and people would flock to stores to buy one. Or two. Or seven. He knew it and that’s why he’s smiling all the way to bank. Now that the initial wave of customers has been satisfied, this Royal Steveness is ready to attract the next weave of customers.

The Apple CEO took to the stage yesterday and announced that the 8GB Apple iPhone would be receiving a $200 price cut, bringing the retail tag down to $399. What’s more, the 4GB model is going to be discontinued altogether, eliminating the possibility of getting an even cheaper iPhone. At least for the time being.

These price cuts are in effect immediately, so if you bought your iPhone a week ago, you just spent $200 too much. Even so, Apple says that they’re on track to sell their “one millionth iPhone before the end of September.”

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