Apple has committed two "meaningful errors" since launching the iPhone in 2007, argues Piper Jaffray analyst Gene Munster. He notes that at first, Apple did not get subsidies for the iPhone, keeping the cost as high as $599 for an 8GB model. That price soon dropped to $399 however, and an 8GB iPhone 3GS can now be bought for $99. The most expensive current model, a 32GB version of the iPhone 4, is still only $299. Initial prices likely hurt the iPhone's appeal, Munster suggests.
