A New York woman filed a lawsuit against Apple for bringing down the price of iPhone by $200. Dongmei Li of Queens, New York, is seeking $1 million in damages.
According to the lawsuit, Apple violated price discrimination laws when it slashed the price of the 8-gigabyte iPhone from $599 to $399 within two months after its debut. She also stressed that early buyers cannot resell the same product for profit because of the price cut.
Apple issued an apology after the price cut. Under its return policy, Apple refunded the $200 difference for those who bought the phone within 14 days of the reduction. And in a move to make peace with those who purchased the higher-priced phone before that period, the company offered a $100 credit at Apple stores.
Originally posted on October 2, 2007 @ 5:54 pm