Yes, Wal-Mart is currently selling Apple iPhone 3G at a discount, but it is definitely not as big as some of you might expect. For the black 8GB, Wal-Mart’s price is $197 while 16G is priced at $297. Approximately 2,500 iPhone units will be available for sale starting next week.

According to Wal-Mart’s Senior Vice President Gary Severson, the company is delighted to bring customers this groundbreaking mobile technology. In fact, Wal-Mart’s electronics associates have been preparing for many weeks for the arrival of iPhone 3G.

All of the Wal-Mart-distributed iPhones will be servicd by AT&T.