Two months after the iPhone is released to overwhelming hype success Steven Jobs dropped the price by $200. Yikes. That's right $200 dollars.
So Steve has posted an open letter to all iPhone users about how basically this is great for Apple and the coming Christmas buying season. Also how there will always be people who buy a product before a certain price drop and those who are eternally waiting for the next one. But they are going to give iPhone early adopters $100 Apple store credit to make up for it.