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Wal-Mart to Sell the iPhone at Cheapest Price Yet: $197

Following that little piece of news, some reports speculated that given Wal-Mart’s discount shopping reputation, the company might sell the Apple phone cheaper than other retailers. Well, it seems the rumors were true. Wal-Mart will be selling the iPhone 3G and it will be selling it for less than other retailers. Two dollars less.

MacRumors has some pictures of a Wal-Mart ad showing the 8GB iPhone 3G with the price tag of $197. Woo! Anyway, over the last couple of days there’s been some talk of a 4GB version selling for $99 at Wal-Mart. While this little tid-bit remains to be seen (but so far seems pretty unlikely), the iPhone is definitely coming to Wal-Mart. The date is a little sketchy; most people say it’ll be December 28, with others convinced it’ll be on sale in time for Christmas.

Many are worried that selling the iPhone in Wal-Mart will diminish the handset’s cool factor. We doubt it. The iPhone is still cool, but it’s less awe inspiring than it was two years ago. When the 2G version first launched, anyone who had one could expect comments from random civilians while they were waiting in line at Starbucks or at the movie theatre. It costing an arm and a leg meant not everyone could have one, but now that the 3G version is a more consumer friendly $199, why not sell it in a consumer friendly retail outlet?