Wal-Mart to sell iPhone 3G for $97

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San Francisco: Wal-Mart, a retail giant has more than halved the price of the 16-gigabyte iPhone 3G in a sign that shelves are being cleared for a hot new model to be unveiled by Apple. Walmart began charging $97 for 16-gigabyte iPhone 3G Smartphones bought in the United States with two-year service contracts. "We are going to reduce the price on this most popular smartphone so our customers can realize these new savings as soon as possible," said Mehrdad Akbar, Senior Category Director for wireless for Walmart U.S. The California company's annual Worldwide Developers Conference (WWDC) will be held from June 7-11 in San Francisco. The event typically attracts thousands of developers that craft software for Macintosh computers, the iPhone, the iPod and the iPad. Apple chief executive Steve Jobs is expected to show off the next-generation iPhone on June 7 during the WWDC a keynote speech opening.