iPhone 4G is just around the corner and so this might not come as a surprise that Apple has not only sliced down the price of iPhone 3GS to $97 but also discontinued the iPhone 3G. This is being done to make room for the brand new iPhone 4G.

Today, Wallmart officially dropped the iPhone 3GS price down to $97 and Apple stopped shipping the iPhone 3G (8GB) to AT&T stores. No more orders for the same will be taken. It is expected that Steve Jobs will announce the new iPhone 4G at WWDC event on June 7 along with a glimpse of the new Mac OS X version.

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