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News
Apple Drops 8GB iPhone Price to $399, Axes 4GB Model
Tuesday, September 4th, 2007 at 4:00 PM - by Jeff Gamet
Apple CEO Steve Jobs announced on Wednesday during its "The Beat Goes On" media event that his company is pleased with iPhone sales so far, but wants to be more aggressive. To that end, Apple is dropping the price for the 8GB iPhone from $599 to $399.
Along with the price reduction, Apple is discontinuing the 4GB model. Mr. Jobs claimed the decision to drop the lower capacity version of the combination iPod and smart phone was because customers are more interested in the higher capacity model.
Apple also reduced the price of the refurbished 8GB iPhone from $399 down to $349.
The newly reduced iPhone price goes into effect today.
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