Apple's Jobs sorry for iPhone price cut
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Apple Inc. CEO Steve Jobs apologized and offered $100 credits Thursday to customers who shelled out $599 for the most advanced model of the iPhone this summer, only to have the company unexpectedly slash the price $200 in a push to boost holiday sales.
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The most expensive iPhone model could deliver a profit margin of more than 55 percent for Apple Inc.  after hardware and manufacturing costs, according to iSuppli, which examined the components of the widely anticipated device.
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Apple Inc will offer a $100 store  credit to people who bought the iPhone before the company  slashed the price by $200, Chief Executive Steve Jobs said in a  statement on Thursday.
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Responding to angry customers upset about yesterday's $200 iPhone price cut, Apple Inc. CEO Steve Jobs today announced that the company would give early iPhone buyers a $100 credit.
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Apple Inc  on Wednesday said the company was cutting the price of its iPhone and was on track to sell one million phones before the end of September.
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The Apple iPhone can reduce the total number of devices used by employees and thus increase productivity.
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Dignity restored for $111.87 Analysis Friday was one of life's great days: I returned my iPhone. I was tired of Apple's adult-proof keyboard. I was tired of AT&amp;T's piddling wireless network. But most of all, I was embarrassed that I'd bought the thing in the first place.â¦
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That controversial price cut on the iPhone paid off in big numbers for Apple in the quarter ending Sept. 29. The company announced as well that it set a new sales record for the Macintosh, wowing analysts.
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(InfoWorld) - The number of iPhones manufactured by Apple may not be enough to meet customer demand when the smart phone goes on sale later Friday, CEO Steve Jobs said in an interview published the same day. "We had to make our best guess as to what the demand was going to be and what supply we were going to put in place many, many months ago. We built factories to build these things and everything. We've taken our best guess but it wouldn't surprise me at all if it ain't enough," Jobs told the Wall Street Journal in an interview. The iPhone, which combines the functions of an iPod with a smart phone, goes on sale in the U.S. at 6 p.m. and is one of the most anticipated gadgets in recent years. Two models will offered, the 4GB model costs $499 and the 8GB model is priced at $599. Users also have toÂ sign a two-year contractÂ with carrier AT&T. The cost of those plans range from $59.99 per month to $99.99 per month. Some prospective buyers have beenÂ camping outside storesÂ in hope of being among the first to own one of the new smart phones. A surge in demand for the iPhones could mean the devices are hard to come by at first, depending on the number that Apple and AT&T have in stock. A shortage of iPhones would not be unusual. Vendors often have a limited number of units to sell when a new product hits the market. In the case of products where demand is particularly high, such as for new game consoles, limited product availability -- whether intentional or not -- andÂ long lines outside storesÂ help build buzz and generate media coverage. Jobs also downplayed concerns over the iPhone's dependence on AT&T's EDGE network, which is slower than 3G (third-generation) networks. "You know every (AT&T) Blackberry gets its mail over EDGE. It turns out EDGE is great for mail, and it works well for maps and a whole bunch of other stuff. Where you wish you had faster speed isâ¦on a Web browser. It's good enough, but you wish it was a little faster. That's where sandwiching EDGE with Wi-Fi really makes sense because Wi-Fi is much faster than any 3G network," Jobs told the Wall Street Journal. He said the iPhone had been designed to switch to Wi-Fi when such networks are detected. Â
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Hold onto your hard-earned for just a few weeks more Apple enthusiast website, 9to5Mac has received word that Apple is planning on dropping the prices on the iPhone and iPod line within the next month or two - perhaps at the rumoured late February announcement.â¦
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The most expensive iPhone model could  deliver a profit margin of more than 55 percent for Apple Inc.   after hardware and manufacturing costs, according to  iSuppli, which examined the components of the widely  anticipated device.
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(InfoWorld) - A company that insures laptops and smartphones may save the day for iPhone owners worried about their pricey handsets getting stolen or damaged. The just-introduced device costs $499 or $599, depending on storage, and has a slippery, rounded design with a glass touchscreen that covers most of its face. Yet AT&T, the exclusive mobile operator for the phone, won't sell insurance for it. And although Apple offers the AppleCare extended warranty for almost all its hardware products, the plan is not yet available for the iPhone. (Apple says it will start offering AppleCare for the phone some time this month.) Some participants on the cell phone site HowardForums said they were disappointed those types of coverage weren't available. Now, a third party is thinking about stepping in. A flood of potential customers have contacted Safeware about getting their iPhones insured, said Matt Wagner, executive vice president and general counsel of the Columbus, Ohio, company. Safeware has been in business insuring PCs since 1982 and started covering smartphones a few years ago, Wagner said. Before the iPhone went on sale in the United States last Friday, Apple's secrecy made it hard to evaluate, he said. "Now that it is released, we're kind of scrambling to find out if it's something we want to get into or not," Wagner said. Availability of parts and repair facilities are among the issues the insurer is examining. Safeware's portable electronics policy covers accidental damage, theft, vandalism, power surges, and natural disasters in the United States and Canada, according to the company's Web site. Coverage includes both the device and preinstalled software, and on a standard policy there is no deductible. Typical prices were not immediately available. AT&T prices its policies, provided by insurance company Asurion, at $4.99 per month. But the iPhone is so expensive that insurance for it would be too pricey for AT&T to market to consumers, the carrier said. For the same reason, AT&T won't sell insurance for Palm's Treo, Research in Motion's BlackBerry, and some other high-end handsets. Rival Verizon Wireless, by contrast, will insure any phone it sells. Also working through Asurion, it charges $4.99 per month with a $50 deductible. The iPhone does come with a one-year Apple warranty against "defects in materials and workmanship under normal use," according to Apple's Web site. AppleCare, when available, will extend that coverage for as long as two additional years. Apple hasn't said how much it will cost. Customers will have to sign up for AppleCare while the initial warranty is still in effect. To help customers stay connected while the iPhone is being fixed, Apple can provide an AppleCare Service Phone that can be sent from Apple or picked up at the Apple Store. But the loaner doesn't come free: There's a flat $29 "service fee," plus additional charges if the user doesn't return it on time after they get their own phone back. And as a warranty, AppleCare won't get you a new iPhone if yours is damaged by accident or stolen. Many people wouldn't need to take out a separate policy for an iPhone, according to the Insurance Information Institute. Most homeowner's or renter's policies would cover theft or damage to the phone, even if it were stolen from their car, said Mike Barry, a spokesman for the group. However, Safeware's Wagner said those policies typically don't cover a portable electronic device outside of the owner's home or car. Ironically, while AT&T won't insure the iPhone because it's too expensive, the Institute thinks the iPhone wouldn't be worth a separate policy because it isn't valuable enough. "It really wouldn't make much economic sense to have a policy taken out separately for the iPhone," he said.
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SAN FRANCISCO -- Apple Inc.'s price cut of its iPhone and new lineup of iPod players are expected to ring in healthy holiday sales, but Wall Street investors accustomed to Apple's meaty profit margins appear a bit disappointed.
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Are Apple sales in trouble? Two research analysts have reported in recent days that Apple is aggressively cutting back production on iPods and iPhones, while increasing production on Mac computers.
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TechWeb - Investors showed their displeasure with the $200 price cut and subsequent rebate by shaving $11 billion off Apple&#39;s market cap.
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May return it No, Apple didn't send us an iPhone. Newsweek got one. And The Wall Street Journal. And The New York Times. But Jobs and Co. have a very different attitude towards El Reg. We weren't likely to get an official review unit even before our very own Ashlee Vance publicly questioned the sanity of the company's PR staff. We had to wait in line like everyone else.â¦
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HTC's Touch, to be released in November, will undercut Apple's price.