Wal-Mart (WMT) Confirms Sale of Apple (AAPL) iPhone Starting December 28th
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Wal-Mart (NYSE: WMT) confirms it will sell Apple's (Nasdaq: AAPL) iPhone starting December 28th.
Wal-Mart will offer the black 8 GB iPhone 3G model with the every day price of $197 and the 16 GB black or white model for $297, with a new two-year service agreement from AT&T or qualified upgrade. As America's price leader, Walmart’s price match policy also allows stores to match the price of any local competitor’s advertised store price on the same item within the same promotional period.
Some were expecting a $99 iPhone, but there was no announcement of this.
Wal-Mart said it will offer the iPhone at nearly 2,500 Walmart stores.
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iPhone
This announcement should raise Apple share price today to $90.00. It's a great move for Apple (AAPL).
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Always something wrong
mightbuyonenow on Dec 26, 2008 10:44 AMFunny, because the rumour mills overdue it, often on price, somehow amazing aapl news feels a bit disappointing. This is a huge new distribution channel, and even better that apple is maintaining their margins! It will be interesting to see how what will do to next quarters sales.