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With last week's announcement by Steve Jobs that his company would be reducing the price of the iPhone from $599 to $399, many people were wondering why.
Some said it dropped the price to look more attractive to holiday shoppers. Others claimed it was due to the fact that production costs were lower, and Apple could afford to drop the price and still make a nice profit. And as for me? Well, I think Apple dropped the price because its fanboy well dried up, and the average consumer wasn't willing to spend that kind of money for a cell phone.