Apple lowers iPhone price $200

Last Wednesday, Apple slashed the price of its 8-gig iPhone to $399 from $599, the price thousands rushed to pay in June. In addition, Apple announced that the 4-gig iPhone will be phased out. In July, I stated that we would know if the $599 spent for an iPhone was money well spent once the iPhone was activated. Well, it seems the initial activation kinks have been worked out; however, whether or not the $599 was money well spent - in light of this recent price cut from Apple - is something each person must decide for themselves.