This thread on Apple.com pretty much sums it up. It’s not that we early adopters didn’t expect a price drop at all, we just didn’t expect it so soon.

I have a feeling Apple will do the right thing and offer up some form of reparation. First off, we are the crazy ones willing to drop down $600 on a first gen device - probably the most likely to drop money down on the next first gen device from Apple - but now we feel burned. Without early adopters you don’t get normal economies of scale - without us - Apple may not be able to launch something as risky.

I sold my AAPL stock today because A) I felt burned (especially for how much I have sold the iPhone to curious onlookers) and B) This aggressive of a price cut means either the demand isn’t there -or- they have reached economies of scale (which in such a short time wouldn’t make sense, at least not $200 a phone).

I will probably be back - but not so blind to the Apple shine this time around.

** Update: Kind of saw this coming - but good to see it actually happen **

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