Apple lowered the price of the 8GB iPhone to $399 today. And early adopters are mad to say the least.

As a relatively early adopter myself, I thought long and hard about it. Am I mad? Not really.

Why?

• My iPhone was worth the $599 then; it’s worth the $599 now.
• I have used my iPhone a lot over the past two months; more than I ever used my previous phone.

That being said, I think Apple made a rather large mistake by lowering the price. In addition to lowering the price of the 8GB model, Apple also discontinued the 4GB model. I feel this was a poor business decision because:

• Apple just upset many (most?) early adopters of the iPhone. And who are the majority of the early adopters? Your typical Apple supporters and “fan boys”.
• Apple just upset the 4GB iPhone owners. With the new 8GB model price, they could have spent less money and gotten more storage.

Although $200 is $200, I’m still extremely pleased with my iPhone and not really upset about the price drop.