iPhone cost is slashed by WalMart
Retail giant WalMart is slashing the price of an iPhone 3GS by $100. There are reports that Apple is about to announce an updated version of the smart phone next month.
AP Photo/Paul Sakuma
Leaked prototypes for an updated iPhone surfaced on blogs recently. The price cut could signal retailers are clearing the shelves to make room for a new Apple smart phone.
Apple declined to comment on whether it's planning to release a new iPhone soon, or whether it will also sell the iPhone 3GS for less.
The company's annual developer conference kicks off June 7. Apple unveiled the iPhone 3GS at the same event last year.