Apple Inc (AAPL)

[BlueDjinn]

Hoo-boy, the members of the "iPhone 600 Club" (as some wag calls it) are just fuming:

http://www.tuaw.com/2007/09/06/jobs-on-iphone-price-drop-thats-technology/

This is an absurd reaction. Yes, we all have a momentary "Ouch!" sting when we hear about a price cut in some gadget that we just bought a little while earlier, but anything beyond that is an overreaction.

Bootz will correct me if I'm wrong, but I believe he bought a 20" Rev A iMac G5 for $2K, while I waited another couple of months and got better specs and built-in Airport/Bluetooth for $1,800. His response was a quick "D'oh!!" followed by a congrats to me for waiting...and that was it, as it should have been.

Of course, the Rev C w/built-in iSight came out just a few months later, and the Rev D w/Intel processor a few months after that. Gee, who'da thunk it?

The only unusual elements to the iPhone drop are a) it happened 2 months after launch instead of the usual 6-8 months, and b) it dropped by $200 instead of $100 (which is what normally would've happened for a $600 product).