Tuesday, December 09, 2008

The other side of the Recession: IPhones in Wal-Mart Stores

Wal-Mart Stores Inc. will become the second mass-market retail chain to start selling Apple Inc.’s iPhone, with two store representatives saying the world’s largest retailer will carry two models of the Web-surfing handset this month.

“A $99, Apple-branded cell phone is inevitable,” said Shaw Wu, an analyst for Kaufman Brothers in San Francisco. “One of the key things Apple needs to do to drive broader iPhone adoption is to build a more complete product line” with low- end, mid-range and high-end products, Wu said in a Dec. 5 note.

Apple, based in Cupertino, California, rose $2.59 to $94 on Dec. 5 in Nasdaq Stock Market trading. The shares have declined 53 percent this year.

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