Wallmart Offering Apple iPhone 4 16GB for $197

As a part of Wallmart's "last minute gifts" promotion, they are currently offering the Apple iPhone 4 16GB smartphone priced at $197, under the condition that consumers are willing to get the smartphone with upgrade or new 2-year contract.

In addition, customers who buy the iPhone 4 16GB smartphone with said contract are also rewarded with a $50 gift card... As you may guess it, some "terms" applied :) The gift card offer is not available for online purchases, valid between 18–25 December 2010 only, and limited by stock.