Slashed Walmart iPhone Prices Fuel Rumors of New iPhone Release

May 25, 2010 Updated: October 8, 2018

German actress Ruth Moschner presents the Apple iPhone on November 9, 2007 in Cologne, Germany. Walmart announced on Tuesday that it will be selling the Apple iPhone 3GS for $97, over $100 less than its current price tag.  (Patrik Stollarz/Getty Images)
German actress Ruth Moschner presents the Apple iPhone on November 9, 2007 in Cologne, Germany. Walmart announced on Tuesday that it will be selling the Apple iPhone 3GS for $97, over $100 less than its current price tag. (Patrik Stollarz/Getty Images)
Walmart announced on Tuesday that it will be selling the Apple iPhone 3GS for $97, over $100 less than its current price tag. Apple’s dramatic reduction in its prices for the Walmart iPhone 3GS led many to speculate that Apple will be releasing a new iPhone this year, which would most likely be unveiled at the Apple Worldwide Developers Conference on June 7th, reported Macworld.com. This would mean Apple-philes can expect the new iPhone in under two weeks.

Apple has released a new iPhone every summer for the past three years, and most expect the company to upgrade the smart phone again this year as well. Signs of the new iPhone appeared earlier this April, when popular tech site Gizmodo posted detailed descriptions and photos of a supposed iPhone 4G. Two weeks ago, the tech world was once again shaken when a Vietnamese web log called Taoviet claimed they also obtained the iPhone 4G. Photos and videos were also taken and revealed a device looking very similar to the one uncovered by Gizmodo.

Industry insiders predict the new iPhone will also have service provided by Verizon and Sprint. Rumors on the subject began when the Wall Street Journal reported back in March that Apple had developed a CDMA edition of the iPhone. CDMA cellular phone technology is used by both Verizon and Sprint.

Follow Annie on Twitter: @annieeenyc