Wal-Mart Drops iPhone 3GS Price to $97

Wal-Mart is dropping the price of Apple's 16GB iPhone 3GS to $97 beginning Tuesday, according to CNN.

It is not clear whether the move is just to clear remaining inventory ahead of a much rumored
iPhone 4Gannouncement at WWDC 2010 or whether Apple plans to continue offering iPhone 3GS at $99 alongside the 4G.

"It is our commitment to always lead on price," Mehrdad Akbar, Wal-Mart's (WMT, Fortune 500) senior category director for wireless, in a prepared statement about the price change.

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