AP News reports that Wal-Mart will be cutting the price of the iPhone 3GS down to $97 with contract starting on Tuesday. The company presently sells the 3GS for $197.
Apple is widely expected to introduce a next iPhone on June 7th. Analysts have already predicted that the current iPhone 3GS will be discounted across the board to $99 while the new iPhone will slide into the $199/$299 price points.
Article Link: Wal-Mart Cuts iPhone 3GS Price in Half Ahead of WWDC