Another reason not to be the first to buy

Or camp out overnight…

Troubling news today for all those iPhone early adopters (suckers?) who shelled out $599 for the nifty new device a scant 2 months ago (June 29) – you can now get it for $399.  Holiday sales promotion or response to slower than anticipated market adoption?  Regardless, Apple shares fell 5% in a universally ugly day in the markets (and are staying down in after hours trading).  This story from Bloomberg digs a bit deeper into the details.

I tinkered with one the other day in the Apple store and it is definitely "cool" but I’m not quite sold and have huge baggage from a previous AT&T wireless relationship… 

Updated:  Looks like Stevie Jobs is giving you "early adopters" a hundo for your enthusiastic early support.  Suppose that eases the pain a bit, but I agree with Andy on his point about embarrassing your fans.  Even Fred Wilson is bumming on Apple.

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