What apple do after cutting I-Phone Prices

After cutting the price of the iPhone by $200, Now Apple started offering $100 in credit to early buyers and later buyers can use it to purchase iTunes gift cards.

Apple's Web site says the credit isn't good for iTunes gift cards but the page is incorrect and is being revised, spokeswoman Natalie Kerris said. Users can't add the credit directly to their iTunes accounts.

``People will get their $100 and they'll find lots of other gadgets to buy,'' Andy Hargreaves of Pacific Crest Securities in Portland, Oregon said. He rates the shares ``outperform'' and owns some. ``You'll get people buying new iPods or another iPhone.''