Wall-Mart 3GS Price Cut Down to $97 US

Q: What? A: AP News reports that Wal-Mart will be cutting the price of the iPhone 3GS down to $97 with contract starting on Tuesday. Q: What is the previous price? A: It normally sells the 3GS for $197. Q: Why the price cut? A: 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. Earlier today, there had been reports that iPhone 3G stock has been running low, suggesting that Apple may be discontinuing the current $99 model.
via macrumors

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