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Wal-Mart said to begin selling iPhone

The iPhone accounted for more than one-third of Apple Inc.'s revenue in the last quarter. The iPhone accounted for more than one-third of Apple Inc.'s revenue in the last quarter. (Paul Sakuma/Associated Press)
Bloomberg News / December 19, 2008
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SAN FRANCISCO - Wal-Mart Stores Inc. will begin selling Apple Inc.'s iPhone by the end of the year, putting the device in front of millions of budget-conscious customers, according to store representatives.

While Wal-Mart has refused to comment on whether it plans to sell the iPhone, store clerks in Arizona, California, Nevada, Texas, and Washington contacted by Bloomberg News said the device will go on sale Dec. 28.

Apple chief executive Steve Jobs has spent the past six months expanding distribution of the iPhone, which accounted for more than one-third of Apple's revenue last quarter. Best Buy Co., the largest US electronics retailer, already sells the iPhone.

Apple offers two models of the Web-surfing phone, for $199 and $299. Wal-Mart, based in Bentonville, Ark., is expected to sell them for $197 and $297, with a two-year service contract, technology site Engadget.com said Wednesday, citing what was described as a memo from Wal-Mart to employees.

Wal-Mart has made no official announcement on offering the iPhone and declined to comment, spokeswoman Kelly Cheeseman said Wednesday. Steve Dowling, an Apple spokesman, didn't return a message seeking comment.

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