From: John Navas on
Wal-Mart, the world's largest retailer, plans to slash the price of
Apple's 16GB 3GS iPhone to $97 beginning Tuesday.

Apple (AAPL, Fortune 500) is widely expected to unveil a brand-new
iPhone next month, and could be working with retailers to clear out its
remaining inventory of the about-to-be-outdated model.

At the new price, customers will save $100 on Apple's smart phone, which
currently sells for $199. The deal requires that the phone be purchased
with a two-year contract from AT&T, the iPhone's exclusive service
provider.

MORE:
<http://money.cnn.com/2010/05/24/technology/Walmart_iPhone_price_cut/>