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Monday, December 08, 2008

Wal-Mart / iPhone Agreement = Historic Moment for Apple

wal-mart and apple

Getting your hands on an iPhone will be much easier when Wal-Mart ,(NYSE:WMT), the nation's largest retail store, starts selling Apple's hottest device at the end of this month.

The partnership should help Apple (NASDAQ:AAPL)and AT&T (NYSE:ATT) take a giant step forward in the telecom race.

Wal-Mart's alliance comes only three months after Best Buy joined forces to start selling iPhones, and one month after the first Google' Android supported phone- T-Mobile's G1 phone-debuted the U.S. market.

Unfortunately, the partnership was too little, too late for  for 12,000 employees that will be laid off by AT&T . Symbolically, the Wal-Mart agreement marks a significant milestone in Apple's history, because the iPhone has followed the path of its predecessor-the iPod.

Due to popular demand, iPhone has transcended into the middle-class and lower-middle class.As a result, an item once considered a high-end luxury product, will be sold for a price comparable to most of its competitors. If Apple's other products would follow the same route, the company's stock may look more appealing in the midst of our economic slump.

By Matt O'Hern at 02:35 PM | Comments (0)

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