Apple Adds Features, Drops Price of iPhone
Apple Price Cut on iPhone Shakes Investors
Googling around in past few minutes, found an interesting article from the Wall Street Journal:
Apple Inc.'s move to lop $200 off the price of the iPhone, unveiled as part of a revamp of the features, design and pricing of its family of portable gadgets, spooked investors as a sign of possible weakness, sending Apple's shares down 5.1%.
The top price of the iPhone, a device introduced with much fanfare in June, will fall to $399 from $599, Apple said. Chief Executive Steve Jobs, at a company event here yesterday, said Apple remained "on track" to meet its previous goal of shipping one million iPhones by the end of this month.
...Still, Apple's shares shed $7.40 on the news, falling to $136.76 in 4 p.m. trading on the Nasd ...
(continues)
Apple Inc.'s move to lop $200 off the price of the iPhone, unveiled as part of a revamp of the features, design and pricing of its family of portable gadgets, spooked investors as a sign of possible weakness, sending Apple's shares down 5.1%.
The top price of the iPhone, a device introduced with much fanfare in June, will fall to $399 from $599, Apple said. Chief Executive Steve Jobs, at a company event here yesterday, said Apple remained "on track" to meet its previous goal of shipping one million iPhones by the end of this month.
...Still, Apple's shares shed $7.40 on the news, falling to $136.76 in 4 p.m. trading on the Nasd ...
(continues)
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