Citing the huge backlash from the early-adopter crowd over the sudden $200 price drop on iPhones, Apple announced today that they were giving all iPhone buyers a $100 Apple-store credit as a goodwill gesture.

You always know that, when you buy something electronic, the price will drop dramatically, and quickly. It’s the nature of the beast. Apple’s step here — which is worth, on paper, nearly $100M US, but will cost them far less — is a grand gesture sure to silence 99% of the grumbling horde. Good choice, Steve.