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iPhone Users Go Directly to Jail Store, Collect $100 Credit

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Steve Jobs is a very smart and powerful businessman. So did he purposely bite his tongue last week when he announced a $200 iPhone price cut -- just two months after launching the product? Was it a plot to steer additional hype toward the iPhone so the new iPods wouldn't steal all the thunder? Did he plan all along to offer store credit to those who shelled out $600 for an iPhone? Was Master Steve just looking for an excuse to write a sappy love letter to Apple fanboys and girls the world over? Does anybody even care?

As promised in the letter, Apple is now offering $100 in store credit to those who bought the iPhone at a premium.

Apple knows you love your iPhone so much that you're just dying to run back for another iGadget. You cannot, however, spend the credit on iTunes content, as indicated in the small print:

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Customers may not redeem their store credits: (1) at any iTunes Store in the United States or elsewhere....

Get your credit here and find your nearest physical store here or shop online.

Read on for more details.

Graphic by the inimitable Bobby Solomon for LAist.

Store credit requests must be made by November 30, according to Apple. If you happened to purchase your iPhone between August 22 and last week's $200 price cut, never fear, you can apply for price protection -- presumably a rebate matching the price difference -- but you must do so by Wednesday the 19th (after which you'll only qualify for the $100 store credit).