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Dec092008

iPhone coming to Walmart by December end

Wal-Mart Stores Inc. will become the second mass-market retail chain to start selling Apple Inc.’s iPhone. Analysts say Apple may offer a discontinued 4-gigabyte version through Bentonville, Arkansas-based Wal-Mart and sell it for $99. Apple currently sells two models at $199 and $299.

“A $99, Apple-branded cell phone is inevitable,” said Shaw Wu, an analyst for Kaufman Brothers in San Francisco.

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