Wal-Mart Rolls Back iPhone 3GS Price to $97

Beginning on Tuesday, Wal-Mart will peal $100 off of Apple's wildly popular 16GB iPhone 3GS device, rolling back the price to just $97. The new deal will still require a two-year contract with AT&T, the iPhone's exclusive service provider. An idea that could be a tough sell for those desperately awaiting the launch of a new iPhone model next month.

"It is our commitment to always lead on price," Mehrdad Akbar, Wal-Mart's senior category director for wireless, in a prepared statement about the price change. - Source CNN

Early on Monday reports started swirling that AT&T would no longer be receiving shipments of Apple's iPhone 3G model that has been sold for $99 until recently.

The new sale price on the most current 16GB iPhone model falls a few dollars short of analyst expectations of $99 for the remaining 3GS stock loitering on store shelves. The announcement comes as the U.S. heads into extended Memorial Day Weekend.

It's widely known that Apple intends to unveil their next-generation iPhone during Steve Jobs' keynote at the company's WWDC event taking place on June 7th.

"When consumers get sight of a new iPhone model on the horizon, sales of the existing model typically falls off sharply." Chavon Sutton wrote for CNN.

Mr. Sutton took the words right out of my mouth. So remember you heard it here second.

[via CNN ]

Comments

[Jenna]

I'd say if you don't have enough money yet to buy the latest version why not experience what others have with this new version in a cheaper price. Thanks for the update.