Walmart Will Sell iPhone 3GS For Only $97

According to CNNMoney Walmart will sell 16 Gb version of iPhone 3GS starting today only for $97. The price reduction refers to a Memorial Day weekend. But such a deal requires a two-year contract with AT&T.

New price for iPhone 3Gs is more than $100 lower than Apple's one. Senior category director in Walmart  Mehrdad Akbar explained it:

"It is our commitment to always lead on price".

The price reduction may be explained by iPhone 4G presentation that will expectedly be held on June 7. Last year Apple lowered the price for 8GB-version of iPhone 3G to $99 because of iPhone 3GS release.