Wow, guys! They are sure going to get a ton of sales with this move. Effective immediately, Apple’s iPhone in the 8GB variation will be just $399. That’s $200 less than the $599 price it sold at just a couple seconds ago. What is unclear, is if the 4GB model will be discontinued…after all, no one bought them. Anyone picking up an iPhone now that it is just $399?

UPDATE: 4GB iPhones are going for $299 "while supplies last." If you bought one within 14 days and wish to take advantage of the adjusted discounted pricing, you will be charged a 10% restocking fee, we’ve been told. To put this in perspective, an 8GB iPhone bought at $599, will yield $141 in savings after the adjusted price and restocking fee. The 4GB will give you $151 back.