Wal-Mart Stores, Inc. (NYSE:WMT) will be selling the T-Mobile G1 powered by Google Inc. (NASDAQ:GOOG) Android phones on the cheap. Starting tomorrow, 550 Wal-Mart stores will be offering the phone at $148.88 with a 2 year agreement.
This move is a blow to Best Buy Co., Inc. (NYSE:BBY), who is selling the iPhone for $199-$299. T-Mobile stores sell the phone for $31 more. What will this do for Wal-Mart? This will help them improve get a more tech-savvy demographic.
This sucks for T-Mobile stores because they’ll lose customers as the deal news begins to spread.