Hundreds of early adopters complained about such a sudden price reduction. Those who bought an 8GB iPhone at $599 in the two weeks before the price cut were offered the $200 back as a refund, and for all of those that purchased the iPhone earlier, the company offered up $100 credit for Apple stores.
According to Li's complaint, the price cut injured customers like her because they cannot resell the product for the same profit as those who bought the iPhone following the price cut. As an owner of a 4GB iPhone model, Li claims that owners of the $499 model were given less favorable terms than those who bought the 8GB model at the premium price.
The lawsuit also alleges that Apple and AT&T are taking part in unfair business practices with the required 2-year service contract for the iPhone
Source:
Yahoo (AP)
Written by: James Delahunty @ 1 Oct 2007 19:14