Associated Press Apple Cuts iPhone Price, Updates iPods By MAY WONG and RACHEL KONRAD 09.05.07, 9:21 PM ET

SAN FRANCISCO -

Apple Inc. slashed the price of the top iPhone by $200 Wednesday to bolster holiday sales, but also angered loyal customers who paid top dollar in the gadget’s first 10 weeks on the market. ………

The 8-gigabyte iPhone will now cost $399 - one-third cheaper than when it went on sale June 29. The 4-gigabyte iPhone, which sold for $499, will be phased out. By comparison, the iPod Touch will sell for $299 for the 8-gigabyte model and $399 for the 16-gigabyte one.

http://www.forbes.com/feeds/ap/2007/09/05/ap4086678.html - full story here

My own comment:

…..no wonder the earlier buyers are now iRate!

I told someone I would post this on my blog…so there it is,Tim!