SAN FRANCISCO — Retail giant Wal-Mart on Tuesday 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 dollars 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 US.
Apple chief executive Steve Jobs is expected to show off the next-generation iPhone on June 7 during a keynote speech opening the California company's annual Worldwide Developers Conference in San Francisco.
The WWDC will be held from June 7-11. The event typically attracts thousands of developers that craft software for Macintosh computers, the iPhone, the iPod and the iPad.
Apple typically shrouds such events in secrecy but a technology blog, Gizmodo, last month obtained and published details of the next iPhone after getting its hands on a prototype of the device.
Gizmodo is at the center of a police investigation into whether a crime was committed in obtaining the iPhone prototype, which was lost in a California beer garden by an Apple software engineer.