(CHICAGO) (WLS) -- "The price tag on a 16 gigabyte iPhone GS at Walmart stores will be $97 beginning this week. Apple's suggested price is $199. Walmart's deal requires a 2-year contract with AT&T.
The reduced price comes less than two weeks before Apple is expected to unveil the next-generation model, which often leads to a dramatic drop in sales of older iPhones."
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