Did AT&T drop it, or a retailer? It appears to be $199 on their website, and I find it hard to believe that they've dropped the price this early. I wouldn't expect the price to drop for 6 months or more. That sounds more like a retailer who is cutting into their commission to try to sell some more.
happened on my Note, they will issue a service credit without any difficulty. cash back might be a bit harder. I took the credit. was in/out in 5 mins.
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