Finally, after some confirmation from AT&T via MacBlogz, Bloomsberg has confirmed too that there is not going to be any $99 iPhone. This means that the rumor we saw last week was another fake, but partially, it has been proved true by the fact that iPhone will be available at Wal-Mart for cheaper, though only $2 cheaper. Anyways, this clears out all the confusion and is a firm confirmation that iPhone 3G will be soon at a Wal-Mart store near you for $197.

[PC World via Bloomsberg]