If you want to clear stock of an item quick the best way to do so is to lower the price and make that item a little more attractive, especially if you are perhaps expecting something new to turn up shortly, and of course I’m talking about the iPhone.

Apparently a report over on CNN by Chavon Sutton has it that the world’s largest retailer, Walmart has announced they are to as of Tuesday begin offering the iPhone 3GS 16GB for $97, slashing a cool $100 off the regular asking price.

Now why would Walmart do such a thing? Well considering the word is Apple Guru Steve Jobs is delivering the keynote at this years WWDC 2010 on June 7th and it is expected Mr. Jobs will announced the new iPhone 4G, what better way to clear stocks of the iPhone 3GS?

This could also be making way for the iPhone 3GS to replace the 8GB iPhone 3G which is also priced at $99 which has been rumoured will be phased out and no longer be shipped to stores. In any case and for whatever reason, the iPhone 3GS is now cheaper, but will you hold off until WWDC 2010 before making your purchase?

Via Engadget