Rumor Confirmed: Wal-Mart to Start Selling iPhones

Remember last week’s rumor that Wal-Mart (WMT) is about to start selling Apple (AAPL) iPhones?

Apparently, it’s true. Both Bloomberg and the San Jose Mercury News quote employees at various Wal-Mart stores saying they expect to start selling the phone before the end of the month, likely between Christmas and New Year’s Day - maybe sooner.

According to the Merc, Kim Nguyen, manager of the cell phone department at the Milpitas Wal-Mart, said she was told by an AT&T (T) representative that her store would be getting a 4 GB model. She also said the store was supposed to get some iPhones two days before Christmas.

Bloomberg reported that employees in the cell phone departments at five California Wal-Mart stores said their stores will offer iPhones by the end of December - and that employees are currently being trained on how to sell the device.

Comments

[Hayweed:]

If they sell a 4gb iPhone for $99.00 then it is game over for the LG, Motorola, Nokia, Palm and even Rimm's under $100 handsets. These companies will have to drop prices down to $50 or free and that may put Palm and Motorola out of the cell phone business.

2008 Dec 08 08:28 AM