In a move destined to royally annoy countless iPhone fans, and give un-needed ammunition to the already-smug "told you so" group of doubters, Apple have knocked a whopping $200 off the price of the iPhone in the US.

For people who've yet to buy one, this is, of course, great news, but it's not exactly a great way of rewarding the thousands who spent days queueing in all weathers to get their hands on one when it launched.

More importantly, why do Apple feel the need to reduce the price so drastically so soon after its launch? Is it not selling as well as they hoped? Even Sony waited longer to reduce the price of its much criticised PS3, which hasn't exactly been looking like a hot cake in the sales figures.

Although good news for new iPhone buyers, I doubt we'll see this price reduction in Europe when it's first launched over here later this year. However, give it a few months, and we should see the price come down nicely (just after Christmas is my guess), which doesn't exactly give much reason to become an early adopter of the thing!

[Source: Engadget]