iPhone Price Cut Rankles Owners

Perhaps the most stunning piece of information in Steve Jobs’s press conference yesterday is Apple’s $200 price drop on the iPhone.

The Associated Press reports that “the price cut, from $599 to $399 for the 8-gigabyte iPhone, immediately set off a debate on online tech forums between early adopters, who said paying a premium price came with the territory, and those who said they felt burned. The price reduction was too much too soon, some complained.”

Analysts are saying they expect some uncertainty with Apple’s first foray into the wireless industry.

“This is about Apple learning how to become a cell phone retailer,” said Jeff Kagan, an independent telecommunications industry analyst based in Atlanta, in the article. “All of a sudden it’s in the cell phone business, and everyone is trying to figure out how to measure it, and we don’t know yet.”

Early adopters sour over iPhone price cut [AP via CNN]