The $99 Walmart-iPhone Rumor Seems Off
If the rumor is true, it would be a major win for Wal-Mart Stores, Inc. (NYSE:WMT). Boy Genius Report has it that Wal-Mart will be selling a 4GB iPhone 3G model for $99 with a 2-year agreement. Apple originally dropped the 4GB model and replaced it with an 8GB model. Currently Apple Inc. (NASDAQ:AAPL) sells the 2-year contract 8GB iPhone for $199 and the 16GB iPhone for $299.
Do I believe this rumor is true? Not really. Wal-Mart’s customer demographic are not really the same as Apple fanboys. Selling the phone for $99 makes the brand look cheap. Plus if the rumor is actually true, then Apple would be sending people away from their own retail stores.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry