Why “Not” to buy a $97 iPhone from WalMart
May 27, 2010 - By Justin E. Gehrke
Several days ago, the news broke that mega-retailer Walmart would be offering a 16GB Apple iPhone 3GS for the bargain basement price of $97.00. The news quickly spread like wild fire. Why? The same model was (and still is) sold for $199.00 through Apple and its authorized retailers.
The obvious reason for the price slash seems to be based on the arrival of the fourth generation iPhone 4G (or iPhone HD, as some believe it will be officially called). Walmart appears to be ahead of the competition and undertaking an effort to liquidate its current stock of 3GS models. It makes sense, right? Walmart cleans up its inventory. Consumers take advantage of a 51% discount and get an iPhone 3GS for $102.00. Before you grab your car keys and bolt out of the door, think about it. There are a few very good reasons why you shouldn’t take the bait.
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