Rumors are floating around about Apple’s 4GB iPhone available in Wal-Mart for $99. Boy Genius was the first to report about the said $99 iPhone on Wal-Mart, they even posted pictures of training materials and advertising.

BGR is not entirely confident about the report, so suggests this possibility should be taken with caution.

Analysts say Apple may offer a discontinued 4-gigabyte version through Bentonville, Arkansas-based Wal-Mart and sell it for $99 with a two year contract. Apple currently sells two models at $199 and $299.

“A $99, Apple-branded cell phone is inevitable,” said Shaw Wu, an analyst for Kaufman Brothers in San Francisco. “One of the key things Apple needs to do to drive broader iPhone adoption is to build a more complete product line” with low- end, mid-range and high-end products, Wu said in a Dec. 5 note.

If you can remember, when Apple first introduced the iPhone, it came in 4GB and 8GB, Apple discontinued selling 4GB models and lowered the price on the 8GB ones. The rumor of Wal-Mart selling 4GB iPhone may be enough to some who doesn’t care much about storage, and this rumor would surely catch their attention, just don’t hope too much because this is just a rumor after all. [BGR]

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