Apple to provide $100 Store Credit to iPhone Early Adopters

In an open letter to all iPhone customers posted yesterday to Apple's Web site, Apple CEO Steve Jobs announced that all iPhone customers who purchased an iPhone from Apple or AT&T and who are not getting "a rebate or any other consideration" will get a $100 store credit on any purchase from the Apple Store Online or any Apple Retail Store. "Other consideration" probably includes price protection offered by credit card companies.

"We want to do the right thing for our valued iPhone customers," wrote Jobs. "We apologize for disappointing some of you, and we are doing our best to live up to your high expectations of Apple."

This is more than we expected and it was announced swiftly. The details will be posted by Apple next week.

In addition, the remaining 4GB iPhones are being offered for $299 each until supplies run out (lower right ad on Apple Store). [Bill Fox]