Remember a couple months ago when people were sleeping on the streets, awaiting the arrival of the revolutionary iPhone? Those days seem like a distant memory now. People were willing to cough up $599 and over $1000 on at&t contracts to get their hands on an iPhone. Now, a couple of months later, apple is discontinuing the 4 GB iPhone line, and cutting the price of 8GB iPhones by $200. While that is a good piece of news for those of us who could resist the charm of the iPhone in its early days, it has angered the early adopters. They feel they have been ripped off by Apple, and obviously they have to put up with “sucker” jokes from colleagues and friends (they are suckers, arent’ they?). Apple now is offering a $100 coupon to these guys to go and spent on Apple store. Many have told me that they will be using that to get Apple Mac OS Leopard when it comes out.

Still, one has to wonder whether what Apple has done is the right thing. By cutting the price of iPhones so soon Apple has shot itself in the foot. It has discouraged its early adopters from buying new apple technologies in early stages. In addition, Apple has to deal with its disgruntled loyal fans, and I doubt the $100 coupon will satisfy these people. Either way, it is hard to fall for a cool gadget such as iPhone right away. Those who did resist iPhone 2 months ago can now get it for cheap or better yet, they could pick up the new Wi-Fi iPod!