Apple is issueing a $100 credit to iphone customers

Chief Executive Steve Jobs on Thursday apologized to iPhone buyers for cutting the price tag of the 8-gigabyte model to $399, which is $200 less than at its debut on June 29. In a letter posted on the consumer electronic maker's Web site, Jobs also said that Apple plans to give a $100 credit to existing iPhone customers. "We want to do the right thing for our valued iPhone customers," Jobs said. "We apologize for disappointing some of you, and we are doing our best to live up to your high expectations of Apple