I know a person who's still got an Apple Newton. Still uses it, as far as I know. (He may as well...)

Let's be realistic: this iPhone thing isn't a phone; it's a hand-held Macintosh. And it does not yet have some of the peripherals that you can soon expect will be in such a little box, let us say by Christmas. It surely can't be too long before laptop Macs come out that sport a touch-sensitive screen. (No, I don't have an inside track... just speculating.)

In the long run it is far better to realize that you made a pricing/model mistake, and to correct that mistake, and to "take your McGuffin for it," than to continue to live with that mistake and give your competitors more time. What HAS been clearly established is that there is a market for a versatile hand-held computer that is not "hobbled."

Why would shareholders be angry about a price drop that will make this item more affordable and allow Apple to increase the sales volume for this iphone? More units sold = more profit.

Buyers who overpaid? Were they unaware that early adopters are always gouged? Get real.

I'm mostly surprise of the counter-attack to the Iphone is give the same stuff as seen in other phone companies like soical networking junk and texting?

It was overpriced to start with, any idiot could see that. You got took! Get over it.

Steve Jobs might want to watch burning the folks who are the main drive for his products...the guys waiting outside stores to be the first to buy.

I can understand several months, but that product just came out, and he's already slammed buyers with a significant loss in value, as if these electronic gadgets weren't already worthless soon enough.