After already impressive sails of the Iphone Apple today issued a price cut of it's 8 Gigabyte model of the iPhone from $599.00 to a much more affordable $399.00. Apple hopes that the $200.00 price drop will encourage consumers who were on the edge to buy the Iphone.

Apple has scrapped the 4 Gigabyte version of the Iphone completely and will now soleley sell the 8 gigabyte version.

The remaining stock of 4 Gigabyte Iphones will be sold at a price of $299.00 until they're gone, so get em while they're hot!