According to the NYTimes Jobs had this planned from the start, so they knew that when they launched they would dramatically reduce the price and screw those who bought it 2 months ago:My guess is if they had sold 3 or 4 million in the first couple of months they would have reduced the price by $100 if anything. Supply demand basic economics. Why reduce the price if they are the biggest thing since sliced bread. Not selling so well, lets make less per unit and sell millions more.
I doubt this was planned from the day the iPhone came out, although there are a lot of skeptics out there.
On Wednesday, Apple executives insisted that the price cut had been planned long ago and that the strategy had been conceived in part to keep the iPhone’s pricing in line with its new iPod Touch, a music player that looks like the iPhone but lacks the phone-calling ability.