Apple slashed the prices of iPhone's top end model by $200. Apple removed the 4GB model from the market. The iPhone is available for $399 now. This move actually angered many apple lovers who payed a premium for their iPhones less than 10 week ago. Apple is now offering a $100 Apple account for those who bought iPhone during the period. Those who bough iPhone last 14 days can also ask for a refund.
Meanwhile Apple's new move has created a buzz in the smartphone market. Palm and blackberry are in now direct competition with iPhone with this price cut.
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