Can I get a refund?

by Rocket Finance

iphone.jpg

There are some areas of personal finance on which I know very little. There are areas of technology about which I know very little. However, it is virtually a self-evident truth that technology prices drop rapidly. I have followed the current iPhone controversy with great interest.Maybe my perspective is limited, but who absoloutely needs an iPhone on the very first day that it is offered? Many folks who purchased the $600 iPhone a couple of months ago are now miffed that the price dropped $200 this week. Some are trying to get their money back and Apple has caved to offer a $100 “rebate”.

Doesn’t anybody remember what CD players cost in the early 90’s or thumb drives or laptop computers or flat screen monitors? Remember the first Razr phone? In the area of electronics, a little bit of patience can save you a lot of money. I wonder what the price of the 8Gb iPhone will be a year from now? $300… $200… or completely obsolete? Should iPhone customers be given a rebate then?

The whiners who purchased the phone at the height of demand should not be given a rebate. Apple owes them nothing. They are simply paying the price of being cutting edge. I have no sympathy for them.

I wonder if I can get a refund from Sony for the $145 CD player that I purchased in 1992? I think I saw a similar model in Walmart for $15 the other day. . .

  1. 4 Responses to “Can I get a refund?”

  2. By Tim Milton on Sep 11, 2007 | Reply

    In theory I agree with you. I feel that the reason for the outrage is that Steve Jobs clearly said that they would not lower prices. When you are the underdog in an industry (PC) and you can only survive by having “fanboi”s touting the greatness of your products, you better not lie to them.

  3. By rocketc on Sep 12, 2007 | Reply

    True, Apple has developed a bit of a cult following. And they are subject to the demands of that group.

    I am just surprised that anyone believed him that the price would not drop. Someone always finds a way to undercut the price.

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