Kevin C. Tofel:
Much of this “wait for the price drop” sentiment stems from
the original iPhone 4 GB and 8GB models, which debuted in late
June of 2007 for $499 and $599, respectively. By September of that
same year, the 4 GB model was scrapped and the 8 GB unit dropped
$200 to $399. The situation generated an early adapter uproar by
many — myself included — and Apple tried to make good with $100
Apple Store credits for those who paid the higher prices.
The entire event tarnished Apple’s luster in the eyes of
consumers and this isn’t a company that repeats mistakes often.