Walmart is selling the black and white models of the iPhone 3GS 16GB for $97 with 2-year AT&T contract. This is $100 off Apple's smart phone price. 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. CNN/Money speculates that Walmart may be clearing out the phones in speculation of a new iPhone model that is expected to be announced in June.
Mehrdad Akbar, Wal-Mart's senior wireless category director said, "It is our commitment to always lead on price."
You can view the iPhone listings here on Walmart.com. Purchases have to be made in Walmart stores.