Say Hello to the $99 Wal-Mart iPhone

According to an article in the New York Post that is causing quite the stir, an uber-cheap version of Apple's iPhone is slated to be sold at Wal-Mart for just $99 later this month. The cheap" version is a new 4GB model, and Wal-Mart will also sell the 8GB model for the regular price of $199 - this according to employees who were sourced by the newspaper. Wal-Mart is attempting to bring the new models to market prior to Christmas so they can take advantage of last-minute shoppers looking for a great gift product.

Employees told San Jose-based Mercury News that the $99 iPhones would be 4-gigabyte models, and that Wal-Mart was attempting a pre-Christmas launch. The current 8GB iPhone went on sale July 11 at $199 - marking a huge price drop for the product and which also received a little backlash from early adopters.

Wal-Mart seems impervious to the current economic struggles going on in the country, and this seems to be another smart move for the giant retailer as it brings people into the world of iPhone without having to make a large initial investment.
 Apple and Wal-Mart have yet to make official statements on the new iPhone model, so we'll report back when more information is available.