Apple backs off G4 price hike

Apple now says it will now honor the original prices for all pre-orders for its Power Mac G4 computers - even those placed before Oct. 13.

The policy shift reverses an unpopular stance Apple took last week, when it cancelled prior orders and raised the prices on its new G4 Power Mac, citing an increase in memory chip prices.

``We clearly dropped the ball in this instance,'' Apple's interim CEO Steve Jobs said in a statement. "We apologize to our customers for upsetting and disappointing them during this past week."

The full story is online at www.techweb.com .