First, the bad news. Rumours of a USD$99 4GB iPhone heading to Walmart are fading fast. But the good news is that the iPhone is indeed headed to Walmart on December 28th if a leaked internal Walmart letter turns out to be true.
The letter not only reveals the launch date but also that, instead of a 4GB model, Walmart will carry the 8GB model for USD$197 and the 16GB model for USD$297.
To ensure that the launch goes smoothly, a total of 488 stores will each offer 5 iPhones to its Associates to ensure that the transactions are processed without any issue. The iPhones will be sold with a two-year AT&T contract.