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Apple to Sell 8GB iPhone for $399, iStock for $49

by Scott Ott · 57 Comments

(2007-09-05) — On the heels of news that Apple had slashed the price of a new iPhone by $200, CEO Steve Jobs announced today that the Cupertino, California-based company would soon unveil Apple corporate stock, dubbed iStock, for only $49 per share — almost $100 off yesterday’s price.

Mr. Jobs said the price-slashing strategy is designed “to get iPhones into the hands of people who couldn’t afford one even two months ago, and who frankly don’t even deserve one.”

He called the stock price reduction, announced just after the markets closed, “a brilliant stroke of strategic hindsight designed to democratize Apple equity by putting it within reach of every American, even those who can’t afford our heavily-discounted iPhone.”

Industry analysts said Apple will issue the new iStock either in black or red, with most betting it will be in the red.

Meanwhile, Mr. Jobs said Apple plans to reward early adopters who paid up to $599 for the 8GB iPhone, by giving them a gold-colored sticker to place on the device, “which tells the world you bought the most expensive iPhone that Apple will ever make.”

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Tags: Business · Technology

57 responses so far ↓

  • 1 camojack // Sep 5, 2007 at 8:23 pm

    ♪ i…i…i…i; we are the products of Apple™. ♪

  • 2 conserve-a-tips // Sep 5, 2007 at 8:31 pm

    When I saw the lines for those iPhones back a couple of months ago, I coined a phrase that I thought explained it well: There’s a sucker born every minute.

    Huh? Somebody already said that? Oh. Well…the whole thing was just a circus! √

  • 3 JamesonLewis3rd // Sep 5, 2007 at 8:59 pm

    God Bless America

  • 4 Ms RightWing, Ink // Sep 5, 2007 at 9:29 pm

    What? I just bought a Princess Phone. Boy am I behind times.

    Okay, the rest of the best pics I have are now up. This includes ones that were not posted earlier.

    I tried my best to get the lines and the pics to even out with no luck and I am too tired to try again.

    http://shellyscafe.blogspot.com/

  • 5 Ms RightWing, Ink // Sep 5, 2007 at 9:45 pm

    Did you sleep well last week. That was a mistake, but not nearly as big as this one.

    Why worry about terrorist!

    http://www.in-forum.com/News/articles/177301

  • 6 University Update - Steve Jobs - Apple to Sell 8GB iPhone for $399, iStock for $49 // Sep 5, 2007 at 9:58 pm

    […] Apple to Sell 8GB iPhone for $399, iStock for $49 » This Summary is from an article posted at ScrappleFace on Wednesday, September 05, 2007 This […]

  • 7 debass // Sep 5, 2007 at 11:58 pm

    The warheads were not armed. They can’t be armed without a secret code from the President. I used to haul dynamite. When it got old, we burned it. We used TNT to heat coffee. People always freak out about things they don’t understand. So, who leaked it to the press anyway?
    We should be reducing our nuclear arsenal by using it not decommissioning it.

  • 8 gafisher // Sep 6, 2007 at 4:12 am

    Debass Re #7: “… a command-wide stand down on Sept. 14 …” worries me more than some inactive munitions being carted around over my head, but having said that it is worrisome that the most politically sensitive weapons in the US arsenal were not handled in accordance with the rules — the error could be more damaging than the bombs (beginning with that stand-down mentioned in the article).

  • 9 gafisher // Sep 6, 2007 at 4:26 am

    Less outrageous iPhone prices, Nano-scale video iPods, partially deflated iStock, iDunno what’s next. Maybe this is what the world’s been iTching for.

  • 10 gafisher // Sep 6, 2007 at 6:05 am

    This Just In …

    AT&T Announces Cell Rate Hike:
    Promises To Protect iPhone Exclusivity

  • 11 camojack // Sep 6, 2007 at 6:44 am

    ii

  • 12 gafisher // Sep 6, 2007 at 7:21 am

    iCarumba!

  • 13 boberinyetagain // Sep 6, 2007 at 7:27 am

    The price of the phone isn’t the issue, it’s trying to pay for the usage that’s the killer!
    I saw some guy talking to his the other day. people are so wacky!

  • 14 Hawkeye // Sep 6, 2007 at 7:48 am

    Hey Scott,
    As per my recent e-mail, I never rush to be first in line for new technology. Here’s another good reason. Prices are always highest at the unveiling. The unfortunate side-effect is that I remain jealous longer than most.

    (:D) Best regards…

  • 15 gafisher // Sep 6, 2007 at 7:49 am

    Bober #13: Apple also introduced the iPod Touch, a $299 “iPhone without the phone” that comes with WiFi built in and keyed to T-Mobile. Nobody’s saying yet, but if Apple left in the mic then the iPod Touch might be capable of VoIP (a’la Skype / Vonage / et al) telephony over wireless.

    It almost makes one wonder if Apple’s mad at AT&T. And if that high-school kid who figured out how to unlock the iPhone might have gotten some encouragement from Cupertino …

  • 16 Ms RightWing, Ink // Sep 6, 2007 at 7:54 am

    debass

    I too hauled dynamite and other explosives for Tri State out of Joplin, Mo in the late 80′a. TNT can be awfully unstable under certain circumstances.

    We also hauled military equipment during the Gulf War along with other explosives. Trojan was one of many companies we used to haul explosives for. I will leave the commentary alone.

    I write all the above because even stable explosives or unarmed equipment, such as Cruise missiles we hauled out of St Louis could be dangerous in the wrong hands. My co-pilot and I had a government issued sawed-off-shot-gun and orders were “shoot first ask questions later.”

    I am sure the movement of weapons is “supposedly” more carefully guarded now than ever before. Oft times we would see a plain government black vehicle way behind us when weapons and ammo was hauled. We never had to get weighed or give our paper work to scale masters Now hi-tech satellite equipment is used. We had low tech satellite equipment.

    I still have my FBI clearance which was likely rubber stamped-hopefully that too has changed. What this essay comes down to, is the fact that if the nuclear missiles were dropped mistake likely they would not have caused damage, emphases on likely, but, in the wrong hands I fear we could have been in deep doo-doo.

    How did the missiles get loaded by mistake and whose loose lips tried to sink the ship?

  • 17 gafisher // Sep 6, 2007 at 8:01 am

    “TNT can be awfully unstable under certain circumstances.”

    Y’think? ;-)

  • 18 GnuCarSmell // Sep 6, 2007 at 8:11 am

    Those who overpaid for their iPhones will be issued an iSap voucher. It entitles the dweeb — I mean, customer — a gorgeous Apple™ logo, in either tattoo or body-piercing format.

  • 19 conserve-a-tips // Sep 6, 2007 at 8:17 am

    Hmm. I think that I’ll just stick with my old hand-crank wall phone (t’was my Great Grandmother’s), although it is a bit cumbersome to carry around with me.

    iThink. iTalk. Therefore iAm.

  • 20 Maggie // Sep 6, 2007 at 8:42 am

    Camo…re#ii….too cute.
    Gafisher ..re#9 and CAT…re #19…….very clever.

    iSay…..Scrap Apple.

  • 21 Darthmeister // Sep 6, 2007 at 8:46 am

    Scott, isn’t that like comparing apples with oranges?

    BTW, my common practice is to let those who make more money than me subsidize the R&D expense attached to new products when they first hit the market. I didn’t get a DVD player until they went below $120. Mama didn’t raise no fool.

    A surefire presidential ticket: Thompson/Obama 2008!

  • 22 Libby Gone // Sep 6, 2007 at 9:04 am

    Whats the big tadooh? in a couple of years the I-phone will have the demand and usefulness of items such as: Buggywhips, lead-based paint, and Atari-2600 game systems!

  • 23 Ms RightWing, Ink // Sep 6, 2007 at 9:12 am

    Lost photos of Face to Face now found

    http://shellyscafe.blogspot.com/

  • 24 Maggie // Sep 6, 2007 at 9:15 am

    Libby,
    You have such a way with words.

    Glad to see you back at Scrappleville :>)

  • 25 Ms RightWing, Ink // Sep 6, 2007 at 9:40 am

    re:23

    sorry

  • 26 debass // Sep 6, 2007 at 9:45 am

    MsRW,
    “How did the missiles get loaded by mistake and whose loose lips tried to sink the ship?”
    This would be my main concern. Anything is dangerous in the wrong hands. The warheads are not more or less dangerous being attached to missles. They must be shipped somehow. I understand that things can go wrong. It’s just that this seems like another news article to show how incompetent the military is to a generally uninformed public.
    Now it looks like the military is doing it to it’s own.

    http://www.newsmax.com/insidecover/Haditha/2007/09/05/30144.html

  • 27 boberinyetagain // Sep 6, 2007 at 10:08 am

    Libby, hey now…the Atari™ 2600 was a blast!

  • 28 boberinyetagain // Sep 6, 2007 at 10:14 am

    Warhead? We aren’t afraid of no steenking warheads!

    Now then, rubber rafts full of terrorists rowing over from Iraq, that’s something to fear. Presumably they left just as the war began, have made it about 25% of the way. At that rate we will conclude this thing and bring the troops home before they arrive. Then y’all can say “see?, they followed us home” when indeed that will not be the case at all.
    Then again, if that plane with the warheads had crashed near the raft and the water wasn’t too deep and they had dove down and rertrieved them, and they had armed them…then I’m guessing it would take them far longer to complete the trip but, once they get here….they will need to lug them up the beach.
    Once that was done…then boy…we would be sorry!

  • 29 JamesonLewis3rd // Sep 6, 2007 at 10:46 am

    Chuck Schumer is [deleted].

  • 30 gafisher // Sep 6, 2007 at 10:48 am

    Boober Re#28: look at this and this and this or this and this for reports on how those “rubber rafts” are moving.

  • 31 gafisher // Sep 6, 2007 at 10:52 am

    Oops; sorry, Bobber. Doubled the wrong character.

    This is the missing “this” above. Serious stuff.

  • 32 boberinyetagain // Sep 6, 2007 at 11:13 am

    gafisher,

    So far I looked at the last “this” you linked and, not too far in found this…
    “U.S. officials have begun to keep a closer eye on heavy-truck traffic across the border.”
    Is that why George just approved Mexican trucking fleets operation in the US with little on no oversight?
    He doesn’t seem scared. If he isn’t, I’m not.

    Sure, there are folks out there with grand plans. They dream of mass destruction, it’s better than counting sheep for them. However, the key word is “dream”. To date, 99% of all terrorists have proven themselves to be somehwere between pretty dim and stunningly stupid.

  • 33 JamesonLewis3rd // Sep 6, 2007 at 12:25 pm

    That doesn’t say much about the mental acuity of 99% (”to date”) of the Democrat party with their infamous, traitorous and obsequious attitude toward terrorists, does it?

  • 34 gafisher // Sep 6, 2007 at 1:17 pm

    Bober Re #32: “To date, 99% of all terrorists have proven themselves to be somehwere between pretty dim and stunningly stupid.

    Yep. We’ve stopped them. GWB’s policies must be working, like him or not.

  • 35 gafisher // Sep 6, 2007 at 1:20 pm

    JL3 Re #29: Maybe in the next election cycle. Hope springs eternal.

  • 36 gafisher // Sep 6, 2007 at 1:24 pm

    “Is that why George just approved Mexican trucking fleets operation in the US with little on no oversight?”

    Well, Bobber, at least we’re watching the rubber rafts.

  • 37 debass // Sep 6, 2007 at 1:33 pm

    “To date, 99% of all terrorists have proven themselves to be somewhere between pretty dim and stunningly stupid.”

    Being dim and stupid has nothing to do with success. Look at the Dhimmicrat party. 1% of the terrorists can still do 100% of the damage.
    When was the last incident of an accidental detonation of a nuclear warhead?

  • 38 conserve-a-tips // Sep 6, 2007 at 2:18 pm

    Oh my!! I have been listening to Rush - he comes on later here - and he just played his new parody based on Lee Greenwood’s song, “God Bless the USA”. I’m still laughing. It is Bill Clinton, Al Gore, Ted Kennedy, Al Sharpton and Jesse Jackson singing, “We hate the USA”. Absolutely hillarious. Hope you all will go to his site today and listen to it.

  • 39 Fred Sinclair // Sep 6, 2007 at 3:09 pm

    boberinyetagain - you are so silly, if you weren’t so pathetic you’d actually be funny, Are you a stand up commedian? If so, don’t quit your day job.
    ____________________________________________________

    treason noun the treason of Benedict Arnold will be recounted for centuries treachery, disloyalty, betrayal, faithlessness; sedition, subversion, mutiny, rebellion; high treason, lèse-majesté; apostasy; literary perfidy. antonym allegiance, loyalty.

    Senator Schumer on the floor of the U.S. Senate according to both Rush and WSJ Opinion page:

    “The violence in Anbar has gone down despite the surge, not because of the surge. The inability of American soldiers to protect these tribes from al Qaeda said to these tribes we have to fight al Qaeda ourselves. It wasn’t that the surge brought peace here. It was that the warlords took peace here, created a temporary peace here.”

    The Republicans have not brought either Harry Reid or Nancy Pelosi to trial on charges of treason and I can not understand why they haven’t. Now this - If Senator Schumer is not charged and tried for treason, then there is no such thing as treason.

    Heirborn Ranger

  • 40 JamesonLewis3rd // Sep 6, 2007 at 3:18 pm

    RE: #29~~

    I apologize for my inappropriate remark.

  • 41 Maggie // Sep 6, 2007 at 3:20 pm

    Well said Fred.

  • 42 boberinyetagain // Sep 6, 2007 at 3:45 pm

    I love you too Fred and yes, i did take a course in stand up comedy and as a final exam did mt 7 minutes in front of a live audience (I passed)

    As for Schumer, luckily people are allowed to say stupid things (or, in this case, perhaps even factual things, I can’t say with any certainty) w/o fear of being accused/convicted of treason.
    But, hey, that’s just mho

  • 43 boberinyetagain // Sep 6, 2007 at 3:50 pm

    Youngest grandson turns 7 today, I’m off to party with him.
    Y’all be good now!

  • 44 MargeinMI // Sep 6, 2007 at 4:06 pm

    Sorry I’m late. I was too busy playing Pong.

  • 45 Maggie // Sep 6, 2007 at 5:38 pm

    Marge,
    Is pong anything like Pingback?

  • 46 Darthmeister // Sep 6, 2007 at 7:27 pm

    Usama bin Laden Set to Release New Video
    I wonder what Democrat talking points he’ll be using. I also wonder if he’ll put in a plug for the Clinton/Obama ticket.

  • 47 Darthmeister // Sep 6, 2007 at 7:34 pm

    New Jersey officials arrested for corruption. Can you name that Party even though the lamestream media won’t?

  • 48 gafisher // Sep 6, 2007 at 9:14 pm

    Re #42: “… yes, i did take a course in stand up comedy and as a final exam did mt 7 minutes in front of a live audience (I passed).”

    So, is it possible your comments aren’t meant to be taken seriously?

    (-:

  • 49 Darthmeister // Sep 6, 2007 at 9:38 pm

    Haditha Marines were being framed by investigators who editted out the exculpatory evidence from eight hours of videotape that clearly showed armed insurgents entering homes and firing at the Marines.

    It’s pathetic that some military investigators seem more than willing to frame our soldiers and Marines taking the fight to Islamofascists. The people responsible for this miscarriage of justice should be ruthlessly tracked down and be brought up on charges and then do hard time at Leavenworth. Jack Murtha (D-Moon) still owes these Marine heroes a very public apology … presumptuous jerk!

  • 50 Ms RightWing, Ink // Sep 6, 2007 at 10:45 pm

    boberinyetagain

    I’m kind of thinking of taking my act on the road again and could always use a partner. Do you play any instruments?

    Do you know where we can get any Cuban cigars? They way I look at it there are always a lot of stories rolled up in those things.

  • 51 conserve-a-tips // Sep 6, 2007 at 11:55 pm

    Ms Rightwing, Ink: I have a doggie who rolls over, sits up and begs, shakes hands and demonstrates ‘road kill’. Could you use that kind of act? I’m sure that we could work out a reasonable percentage take as long as I get to go along as trainer.

  • 52 Harry Daschle // Sep 7, 2007 at 3:52 am

    I am sure we have all heard, “There is no ‘I’ in football!”, it seems there is one, (or more), in Apple. ;-)

  • 53 Darthmeister // Sep 7, 2007 at 6:19 am

    Ms RightWing,

    If you’re taking an act on the road, were you thinking about playing the part of the organ grinder and bober playing the part of the monkey with the tin cup? [(~;]œ

    bober, Shumer is both stupid and borderline seditious. The man (and most of the Democratic Party during time of war) makes the perfect fifth columnist. The liberal anti-war Democrats aren’t involved in principled dissent any more but rather spewing divisive and seditious lies about the war. Tokyo Rose would be proud.

    BTW, where’s that “civil war” raging all across Iraq? I seem to remember the anti-war liberals stating on no less than three separate occasions over a four year period how Iraq has descended into “civil war” and all is lost. There may come a day when “civil war” consumes Iraq like it did America in 1861 (at least there was something civil to start with in America’s case) but it hasn’t happened yet despite the Congressional Democrats and moonbat bloggers claiming it has. Sectarian violence among Islamic fundamentalist nutbags doesn’t make for a “civil war.”

  • 54 onlineanalyst // Sep 7, 2007 at 6:59 am

    My, my! Hsu has been caught, Zephyr-ing his way to Colorado. Nice roundup of Hsu news and Chinagate-Clinton history here. (Scroll back from comment section.)

    Aside: I am still trying to figure out selective asthma… unless puffing on cigars is part of the Cuban health care system that al-Moore touts. Go figure!

  • 55 Darthmeister // Sep 7, 2007 at 12:31 pm

    I bet those customers who bought the iPhones for $599 are iRate!

    Whatever happened to buyer beware? And can’t a company lower its prices without having previous customers whining about being “overcharged”? Like, where else are they going to buy iPhones? The first to lay down the cash for hi-tech gadgets are always subsidizing those who follow. Sheesh, what a bunch of spoilt brats!

  • 56 Harry Daschle // Sep 9, 2007 at 1:25 am

    I agree with you Darth but,——————————— I have to wonder if it is too late to get back several hundred dollars, on the first DVD player I bought, or even better, about a thousand dollars on the first VCR I bought back in the late 70’s?

    Who do I complain to? :lol:

  • 57 random // Sep 24, 2007 at 2:29 pm

    When you’re dealing with hidden adversaries, you have to spend a lot of time speculating on what their next movements or their targets might be. But when it comes to their beliefs and to their long-term objectives, we have no need to speculate. They have laid it out in detail for the entire world to see.

    The terrorists have adopted the pretense of an aggrieved party, claiming to represent the powerless against modern imperialists. The fact is they’re at war with every development of classical liberalism in the past twelve centuries. They serve an ideology that rejects tolerance and denies freedom of conscience. They would condemn women to servitude, gays to death, minority religions to persecution. An ideology so backward, so violent, so hateful, can take hold only by force or intimidation, and so those who refuse to bow to the tyrants face brutalization or murder — and no group or person is exempt.

    And it is they, the terrorists, who have ambitions of empire. Their goal in the broader Middle East is to seize control of a country, so they have a base from which to launch attacks against governments that refuse to meet their demands. Their ultimate aim — again, one that they boldly proclaim — is to establish a caliphate covering a region from Spain, across North Africa, through the Middle East and South Asia, all the way around to Indonesia. They have proclaimed, as well, the goal of arming themselves with chemical, biological, or nuclear weapons, to destroy Israel, to intimidate all Western countries, and to cause mass death in the United States. One of the terrorists believed to have planned the 9/11 attacks said he hoped the event would signal the beginning of the end of America. They hate us, they hate our country, they hate the liberties for which we stand. And they hit us first. And we will not sit back and wait to be hit again.
    Dick Cheney

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