Apple's $100 million apology a financial wash

The financial wizards out there are putting some figures on Steve Jobs' open letter, which outlined how Apple was going to give early adopters a $100 credit after the surprise price cut of the iPhone. UBS analyst Ben Reitzes puts the cost to Apple at $100 million this quarter (Also see What Job's iApology says about the iPhone).
Written by Larry Dignan, Contributor on