8GB iPhone Price Drop of $200 now only $399: 4GB iPhone to be dropped

At the recent Apple event CEO Steve Jobs has just announced that the 8GB iPhone will have a price drop of $200, so now the cell phone will only cost you $399. Steve also said that the 4GB iPhone will be dropped, so once current stocks have been sold they will be no more.

Like I have always said “It does not pay to be the first person the purchase a product,” I have proven this time and time again. How sick must those people feel who bought the first 8GB iPhone for $600. Apple has said that they are on track to sell their one millionth iPhone by the end of September, and they just want the high sales figures to just get better, and announcing a price cut before the holiday season is one sure way of doing this.