Europe doesn’t want the iPhone as much as predicted, or maybe it does if it sells for less than the initial price! The 8GB model suffered a drastic price cut by U.K. carrier O2, which made customers go berserk for the iPhone. After all, saving £100 on a phone isn’t so bad! Especially considering that the price went down from £269.

The result of such an incredible discount was, of course, really big sales! In fact, the idea went so well, that the model is now no longer available. However, if you weren’t among the lucky buyers, you’ve probably missed your chance, as O2 said it has no plans of renewing the stock.

“Due to the highly successful sales of the Apple 8GB iPhone [sic], supply chain have today run out of stock and will not be replenishing stock of this product as it has now gone to end of life,” O2 told www.engadget.com.

As everyone expects to see what’s going to happen to Apple’s 3G phone, question still remain on how wanted Apple’s smartphone still is, considering the competition is out there with new, amazing gadgets to rival the mighty iPhone.  

The company always seems to be optimistic on iPhone sales, whether it’s the 8 GB model (which most people don’t seem to want anymore, after all, what is an 8 GB model compared to the 16 GB one?) or future generations of the smartphone.

Research firm Strategy Analytics reported on Friday that despite the 1.7 million iPhone shipped in the first quarter, the company’s global market share fell for the first time, from 0.7 percent in the fourth quarter to 0.6 percent in the first quarter of 2008, Apple Insider reports.