Apple’s Laborious Day.
I have long been a supporter of Steve Jobs and Apple. With their market-changing introduction of the iPod, I really jumped on board, but this whole pricing debacle with the iPhone was foreseeable…and avoidable.
Everybody knew the price was going to drop, but to do it so soon after launch sent a couple of really stupid messages to the market. The first messages, reported by the business press, was “Apple earnings must be off for such a reactive price drop.” The second message, this one to Apple’s most passionate and loyal fans was “If you stood on line for days, were among the first to buy an iPhones and then ran around doing free demos for all your friends, you were a sap.”
This was a no-brainer. Everyone in the world expected the price cut to happen prior to the Christmas/Chanukah holidays, but Labor Day? Someone was out to lunch on that decision.