Wal-Mart representatives this weekend confirmed that the store will begin selling Apple iPhones this month, becoming the second mega-retail chain to stock the handset after Best Buy. Rumors circulated late last week that Wal-Mart would begin carrying the discontinued 4GB model of the phone for $99. That price point is still a matter of speculation.

"A $99, Apple-branded cell phone is inevitable," Kaufman Brothers analyst Shaw Wu told Bloomberg, "One of the key things Apple needs to do to drive broader iPhone adoption is to build a more complete product line"

Currently the company offers $199 and $299 versions of the phone. Apple, meanwhile, has yet to confirm the deal.