Submission + - Apple slashes iPhone to $400, Drops 4GB, & Ref
Cycon writes: "Apple has announced they will be dropping the price of the 8GB iPhone to $399 (plus contract), will be dropping the 4GB model, and in response to frustration from early-adopters, and will offer a refund in the form of $100 store credit to early adopters. "Our earlier customers trusted us and we must live up to that trust with our actions in moments like this," says Steve Jobs."