The $200 iPhone price cut had an amazing effect on the sales of Apple's iPhone - according to Gene Munster from Piper Jaffray sales tripled the day after the price cut:
When the price decrease came about, followed swiftly by Apple's announcement that one million iPhones had been sold, Munster was naturally curious to see how the price decrease had affected price.
Combining his estimate, with Apple's sales figures for last quarter, he determined that Apple would have had to sell 136,000 iPhones, approximately, between September 5 and September 9.
This means that by his estimates, Apple was selling over 27,000 iPhones a day after the price cut, a three-fold, 200 percent increase over previous sales.
DailyTech covered Apple's announcement of the price cut last week. The price cut dropped the price of the 8GB model by 33 percent, from $599 to $399. The soon-to-be-discontinued 4GB model is priced at $299.