Remember when Apple cut the price of the iPhone?

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How could you forget? Well, it seems that at least one unhappy customer won't let it go. (Wired News)

Dongmei Li of Queens, N.Y., claimed the company violated price discrimination laws when it slashed the price of the 8-gigabyte iPhone by a third, from $599 to $399, within two months of the gadget's June debut.
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According to Li's lawsuit, filed on Sept. 24 in the U.S. District Court, Eastern District of New York, the price reduction injured early purchasers like herself because they cannot resell the product for the same profit as those who bought the cell phone following the price cut.

Cannot resell the product for the same profit? She was an iPhone speculator?

I could have told you that speculating on iPhones would probably not be wise. Just sit back and enjoy your consumer surplus.

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This page contains a single entry by William Polley published on October 2, 2007 11:56 AM.

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