$50 price cut for the iPhone....until June 30th and only at Wal-mart

Walmart has announced a price cut for the iPhone 4, black and white versions, from $197 to $147 until June 30th. Of course, you will have to sign a new two year contract, but if you were thinking of making the jump or switch, now is the time. The offer is not good online, you will have to go to a store to get it.