Apple "bails out" early iPhone buyers with $100 refund

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) Chief Executive Steve Jobs on Thursday offered a $100 store credit to early buyers of the iPhone, seeking to calm customers angry over an unexpected and steep price cut.

Why should anyone be angry when they freely overpaid for something to have it first? Most discussion I have had about the iPhone eventually concluded that it was too much money for something that is, afterall, a phone. And since it is a tech gadget, the price is know to drop drastically with time. These irate customers just had to have it first and no one twisted their arm to buy it, so why are they upset? Could it be that the iPhone is just another phone that didn't live up to expectations? Unbelievable that Jobs is giving back $100.

I suppose the same will happen in the housing market, too. People over the past few years who 'just had to have' a new house were willing to overpay while probably deep down realizing that it was too much money. Now that it is obvious that they overpaid, they are also asking for a bailout. Maybe Jobs can help them out, too, since I as a taxpayer do not want to be paying for someone else's decision via tax relief or any other government organized bailout. People need to learn to live with their decisions rather than crying to mommy (or the government) when those decisions don't work out as hoped.