The original iPhone went on sale June 29, 2007 for $499 for a 4GB model, and $599 for an 8GB version. Just a little over two months later, on September 5, Apple dropped the 4GB model and lowered the price on the 8GB iPhone by $200--which, if you were holding out to buy one during the holidays, was a great deal. If, however, you were one of the people who bought one when it was released, it was a smack in the face.
Image: https://commons.wikimedia.org/wiki/File:Steve_Jobs_Headshot_2010-CROP_(cropped_2).jpg
