Apple announced a price cut for its iPhone today, along with a new iPod that looks like the iPhone and a version of its iTunes store that downloads music directly to the player rather than a computer.
Steven P. Jobs, the chief executive, called the moves a “total refresh” of the iPod line, and they signify a move to turning the music player into a hand-held computer.
The company dropped the price of its 8-gigabyte iPhone by $200, to $399. The company did not give a reason for the price cut, which analysts said has been selling very well.
Investors appeared to interpret the announcement negatively. Apple’s stock closed off more than 5 percent, at $136.76, and most of the loss came during and after Mr. Jobs’s presentation.
Source: nytimes.com
Tags: Computer | downloads | hand-held | iPhone | iPod | itunes | price | San Francisco | SELLING | Steven Jobs
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