Apple Co-Founder Blasts iPhone Price Cut

Dennis Faas's picture

At a question-and-answer session in Florida last Saturday, Apple co-founder Steve Wozniak criticized his former partner's decision to cut the price of the iPhone. Apple had dropped the price by $200 just two month's after the device's long-awaited arrival -- a bad decision, according to Wozniak. (Source:

"Nobody expects a product to drop that much in price in such a short time," he said. While he admits that technology inevitably drops in price over time, he maintains that this price cut wasn't right. "The first adopters always pay a premium. I am one of them. I am used to that. But that one was too soon, too harsh." (Source:

Wozniak also blasted Apple's remedy for the angry iPhone buyers who paid $599 US instead of the reduced $399 US. Apple has offered all of the early buyers a $100 US credit at the Apple Online Store or Apple Retail Store, but Wozniak insists that it's not enough.

"I have bought some iPhones that I am saving as gifts for people and I can't get a refund on them," he said, adding that the recipients of his gifts -- and not himself -- will be the ones with store credits on their hands.

Although Wozniak didn't have kind words regarding the iPhone price drop, he did compliment the device's functionality. "I fell in love with the iPhone. I did not like it at first. But I wasn't prejudging it." (Source:

So while Wozniak sees Apple's decision to drop the iPhone's price as a big hiccup, criticizing the device itself is not something you'll hear too much about.

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