I guess I don't understand.

Demand was astronomically high at launch. So the price was, yes, artificially increased to compensate. So pretty much everybody that really wanted an iPhone was able to get one. No major shortages.

For an example of what happens when price isn't adjusted to match demand, look at the Wii. They're still extremely difficult to find without very careful planning. At least where I live.

What we're most likely seeing are case studies of what happens when one company overestimates demand and then compensates, and when another company underestimates demand and doesn't.

But seriously, is this not the most basic application of economic theory?