Jun 23

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Steve Jobs saw fit to ballyhoo the price reduction for the iPhone 3G when he announced it at WWDC earlier this month, calling his newest release “twice as fast at half the price.” On the surface of it, $199 for the 8GB and $299 for the 16GB versions seems a grand gesture from the company that charged the phone’s earliest adopters $599 for the 8GB model.

It wasn’t long before plenty of people had figured out that, when the true costs of not only buying the phone but putting it into service with AT&T were factored in, the 3G model is actually a bit more expensive than iPhones purchased after the initial price reduction to $399 for the 8GB model last September. (more…)

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