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Apple iPhone for $99 at Wal-Mart? Hogwash on Aisle 7

Stock quotes in this article: AAPL , NWS , WMT , T  

Updated from 3:42 p.m. EST

And so now they tell us. Apple's(AAPL Quote) iPhone will sell for the regular price at Wal-Mart(WMT Quote) or, to be precise, a couple of bucks less than you can get it directly from AT&T(T Quote) or Apple. Only problem is just a few weeks ago the business media was full of busy telling us about how the iPhone would sell for $99 at Wal-Mart -- 100 bucks less.

Well, that's not the only problem.

First, let's review what we were fed a few short weeks ago. Look at this representative headline from the Mercury News:...

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