Apple cuts iPhone price, revamps iPods - Sitcoms Online Message Boards

theshark8777 · 09-05-2007, 04:58 PM

SAN FRANCISCO (Reuters) - Apple Inc. sharply cut the price of its iPhone on Wednesday and rolled out an iPod with a touch screen that can browse the Internet wirelessly, as well as improvements to its iTunes Web store.

Apple's stock price fell 3.5 percent. It had been on a tear since the company said it would be making an announcement on this day, rising 13.5 percent over the past week.

The company is fighting to maintain its lead in the digital media business at a time when the company faces renewed attacks from rivals including Microsoft Corp., which cut the price of its own wireless music device, the Zune.

Chief Executive Steve Jobs, who also showed off an iPod nano with a video screen, said the company was refreshing its entire line of music players. In addition, Apple's iTunes Web music store will begin selling songs over wireless connections, he said.

This means that for the first time, people can download songs directly to an iPod rather than through their computers.

Commenting on the stock move after the iPod changes were announced, Paul Foster, options strategist at Web information site theflyonthewall.com in Chicago, said: "Buy the anticipation and sell the reality. I guess investors were anticipating something more positive from Apple."

Apple shares, up about 70 percent this year, fell $5.00 to $139.16. Shares of iPhone service provider AT&T, which are up about 13 percent this year, fell 1.6 percent to $39.63 on the New York Stock Exchange.

Apple said the price of the iPhone model with 8 gigabytes of storage was cut to $399 from $599 and that it would discontinue a model with less memory.

"Apple has always been aggressive with price cuts to keep the competition at bay," Shannon Cross of Cross Research said.

Apple will also update its iTunes online music store to let customers turn songs into ringtones for the iPhone and to allow customers to buy songs while connected wirelessly.

The new touch-screen iPod will have many of the features of Apple's hit iPhone, including a touch screen, the ability to connect to the Internet wirelessly using Wi-Fi technology, and a mini Web browser.

"We've built in Wi-Fi and we've made it usable," Jobs said, in what could be seen as a dig at Microsoft's Zune, which beat the iPod to market with Wi-Fi but has not enjoyed the iPod's popularity.

Microsoft cut the price on its Zune by $50 to $199.

"Microsoft looks like it is entering Apple's territory in a larger way, which would lead to lower margins down the road in Apple products," said Tim Biggam, lead options strategist at online brokerage thinkorswim in Chicago. "But the long-range impact of Microsoft on Apple products remains to be seen," he added.

Apple also said it had struck a deal with Starbucks Corp. to let customers buy music from Apple's wireless iTunes music store while they are at one of the chain's coffee shops.

Corolla · 09-06-2007, 02:42 PM

Starbucks? Wireless? Give me a break. The new iPods are nice, but I wish the touch screen iPod had a higher capacity. I'm thinking about getting one of those 160gb classic iPods if they bring the TV Shows at the Apple Store into Canada.

Me + every episode of my favorite TV shows on my iPod = <3

Ireneparalegal · 09-06-2007, 03:31 PM

at the people who bought them for $599.

Chelsea · 09-06-2007, 03:52 PM

I came within an eyelash of buying one last week, but then I heard a little voice in my head remind me "Never buy a 1st Gen Apple Product at it's original price point"

Ireneparalegal · 09-06-2007, 03:58 PM

Quote:

Originally Posted by Seth

I came within an eyelash of buying one last week, but then I heard a little voice in my head remind me "Never buy a 1st Gen Apple Product at it's original price point"

Always listen to that little voice. It is always right.

RoryGilmore · 09-06-2007, 04:06 PM

I wanted a iPhone but I have Verizon, not allell or whoever has it

freshprinceofLA · 09-06-2007, 04:30 PM

The new ipod looks pretty cool but imma just wait till the price dips down

Chelsea · 09-06-2007, 04:40 PM

Quote:

Originally Posted by Jo/Blair Fan

I wanted a iPhone but I have Verizon, not allell or whoever has it

AT&T (Formerly Cingular).

theshark8777 · 09-06-2007, 05:25 PM

SAN JOSE, Calif. - 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, only to have the company unexpectedly slash the price $200 in a push to boost holiday sales.

In a letter on the company's Web site, Jobs acknowledged that Apple disappointed some of its customers by cutting the price of the iPhone's 8-gigabyte model and said he has received hundreds of e-mails complaining about the price cut.

But Jobs added that "the technology road is bumpy," and there will always be people who pay top dollar for the latest electronics but get angry later when the price drops.

Jobs said Apple will hand out $100 credits for Apple's retail and online stores to iPhone customers who aren't eligible for a rebate.

Customers who bought an iPhone within 14 days of the price cut can get a refund of the price difference if they have the original receipt.

The price cut — and the phaseout of the 4-gigabyte iPhone, which retailed for $499 — came less than 10 weeks after the two products hit the market June 29.

Apple's stock, after falling 5 percent on the news of Wednesday's announcements, fell another 1.3 percent Thursday to close at $135.01, or $1.75 lower than Wednesday's close.

TJL · 09-06-2007, 05:57 PM

The new Nanos look pretty cool...Maybe I'll upgrade this year.

Courtnee · 09-06-2007, 06:49 PM

Some freshman at school has an iPhone. It's pretty sweet.

Chelsea · 09-06-2007, 07:24 PM

Quote:

Originally Posted by TJL

The new Nanos look pretty cool...Maybe I'll upgrade this year.

Are we looking at the same iPods? IMO, the new Nano looks ugly.

SBTB Geek · 09-07-2007, 05:33 PM

Both iPhone and iPod Touch are nice. I've used my friend's iPhone before, I liked it a lot, but not enough to buy one.

I don't get along well with Apple products.

YoliUSA · 09-07-2007, 07:54 PM

I'm probably upgrading my first generation Mini to a Touch, maybe I could get the ipod classic instead but I really dont have 30,000 songs to store in it

Czas na Zywiec · 09-08-2007, 03:13 AM

Quote:

Originally Posted by Ireneparalegal

at the people who bought them for $599.

exactly what I was thinking haha!

09-05-2007, 04:58 PM	#1
theshark8777 Hats for Bats Forum Veteran Join Date: Jan 23, 2001 Location: northeast Ohio. Posts: 5,315	Apple cuts iPhone price, revamps iPods SAN FRANCISCO (Reuters) - Apple Inc. sharply cut the price of its iPhone on Wednesday and rolled out an iPod with a touch screen that can browse the Internet wirelessly, as well as improvements to its iTunes Web store. Apple's stock price fell 3.5 percent. It had been on a tear since the company said it would be making an announcement on this day, rising 13.5 percent over the past week. The company is fighting to maintain its lead in the digital media business at a time when the company faces renewed attacks from rivals including Microsoft Corp., which cut the price of its own wireless music device, the Zune. Chief Executive Steve Jobs, who also showed off an iPod nano with a video screen, said the company was refreshing its entire line of music players. In addition, Apple's iTunes Web music store will begin selling songs over wireless connections, he said. This means that for the first time, people can download songs directly to an iPod rather than through their computers. Commenting on the stock move after the iPod changes were announced, Paul Foster, options strategist at Web information site theflyonthewall.com in Chicago, said: "Buy the anticipation and sell the reality. I guess investors were anticipating something more positive from Apple." Apple shares, up about 70 percent this year, fell $5.00 to $139.16. Shares of iPhone service provider AT&T, which are up about 13 percent this year, fell 1.6 percent to $39.63 on the New York Stock Exchange. Apple said the price of the iPhone model with 8 gigabytes of storage was cut to $399 from $599 and that it would discontinue a model with less memory. "Apple has always been aggressive with price cuts to keep the competition at bay," Shannon Cross of Cross Research said. Apple will also update its iTunes online music store to let customers turn songs into ringtones for the iPhone and to allow customers to buy songs while connected wirelessly. The new touch-screen iPod will have many of the features of Apple's hit iPhone, including a touch screen, the ability to connect to the Internet wirelessly using Wi-Fi technology, and a mini Web browser. "We've built in Wi-Fi and we've made it usable," Jobs said, in what could be seen as a dig at Microsoft's Zune, which beat the iPod to market with Wi-Fi but has not enjoyed the iPod's popularity. Microsoft cut the price on its Zune by $50 to $199. "Microsoft looks like it is entering Apple's territory in a larger way, which would lead to lower margins down the road in Apple products," said Tim Biggam, lead options strategist at online brokerage thinkorswim in Chicago. "But the long-range impact of Microsoft on Apple products remains to be seen," he added. Apple also said it had struck a deal with Starbucks Corp. to let customers buy music from Apple's wireless iTunes music store while they are at one of the chain's coffee shops.
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09-06-2007, 03:31 PM	#3
Ireneparalegal LEGAL SPICE ;) Forum Legend Join Date: Jul 25, 2005 Location: OXNARD, CA - WHERE THE DALLAS COWBOYS TRAIN & PRACTICE Posts: 38,691	at the people who bought them for $599.
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09-06-2007, 03:52 PM	#4
Chelsea Semi-retired Forum Veteran Join Date: Jan 07, 2001 Location: Washington Posts: 5,727	I came within an eyelash of buying one last week, but then I heard a little voice in my head remind me "Never buy a 1st Gen Apple Product at it's original price point"
	__________________ Chelsea Former Administrator, 2005-2012 Former Member, DVD Review Team, 2004-2010.

09-06-2007, 04:06 PM	#6
RoryGilmore Always and Forever Forum Veteran Join Date: Oct 30, 2004 Location: Wherever he is, that's where I'll be Posts: 6,528	I wanted a iPhone but I have Verizon, not allell or whoever has it
	__________________ I have died everyday, waiting for you Darling, don't be afraid, I have loved you for a thousand years I'll love you for a thousand more And all along I believed, I would find you Time has brought your heart to me, I have loved you for a thousand years I'll love you for a thousand more

09-06-2007, 04:30 PM	#7
freshprinceofLA The Bosses Senior Member Join Date: Aug 09, 2005 Location: A small town in: Los Angeles, California Posts: 2,810	The new ipod looks pretty cool but imma just wait till the price dips down
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09-06-2007, 02:42 PM	#2
Corolla Member Senior Member Join Date: Dec 21, 2006 Location: Owen Sound, ON Posts: 2,376	Starbucks? Wireless? Give me a break. The new iPods are nice, but I wish the touch screen iPod had a higher capacity. I'm thinking about getting one of those 160gb classic iPods if they bring the TV Shows at the Apple Store into Canada. Me + every episode of my favorite TV shows on my iPod = <3

09-06-2007, 05:25 PM	#9
theshark8777 Hats for Bats Forum Veteran Join Date: Jan 23, 2001 Location: northeast Ohio. Posts: 5,315	SAN JOSE, Calif. - 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, only to have the company unexpectedly slash the price $200 in a push to boost holiday sales. In a letter on the company's Web site, Jobs acknowledged that Apple disappointed some of its customers by cutting the price of the iPhone's 8-gigabyte model and said he has received hundreds of e-mails complaining about the price cut. But Jobs added that "the technology road is bumpy," and there will always be people who pay top dollar for the latest electronics but get angry later when the price drops. Jobs said Apple will hand out $100 credits for Apple's retail and online stores to iPhone customers who aren't eligible for a rebate. Customers who bought an iPhone within 14 days of the price cut can get a refund of the price difference if they have the original receipt. The price cut — and the phaseout of the 4-gigabyte iPhone, which retailed for $499 — came less than 10 weeks after the two products hit the market June 29. Apple's stock, after falling 5 percent on the news of Wednesday's announcements, fell another 1.3 percent Thursday to close at $135.01, or $1.75 lower than Wednesday's close.

09-06-2007, 05:57 PM	#10
TJL Suburbanite Extrordinaire Forum Star Join Date: Dec 29, 2001 Location: New Jersey - the cradle of civilization Posts: 16,588	The new Nanos look pretty cool...Maybe I'll upgrade this year.
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09-06-2007, 06:49 PM	#11
Courtnee MAN VS SAMMICH. Forum Star Join Date: Mar 23, 2005 Location: Louisiana Posts: 16,413	Some freshman at school has an iPhone. It's pretty sweet.
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09-07-2007, 05:33 PM	#13
SBTB Geek Smooth Moderator Forum Veteran Join Date: Feb 21, 2002 Location: Southern California Posts: 6,004	Both iPhone and iPod Touch are nice. I've used my friend's iPhone before, I liked it a lot, but not enough to buy one. I don't get along well with Apple products.

09-07-2007, 07:54 PM	#14
YoliUSA Fan of the Classics Forum Veteran Join Date: Jun 13, 2002 Location: In a galaxy far, far away... Posts: 5,290	I'm probably upgrading my first generation Mini to a Touch, maybe I could get the ipod classic instead but I really dont have 30,000 songs to store in it
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