Apple Offers Early Adopters $100 Credit

In an open letter posted on Apple's website, Steve Jobs has announced the company will offer early iPhone adopters a store credit to offset yesterday's drop in price. Buyers who paid full price and are not eligible for price protection will receive $100 in credit at Apple's online store. Details will be announced next week. Although carriers, often drop the price of high-end phones after a few months of sales, the suddenness and steep drop of yesterday's price cut took many owners by surprise, creating a wide-spread negative reaction.