Walmart has evidently dropped its prices on the AT&T iPhone 4 and iPhone 4S in select retail stores, according to Cult Of Mac. Without rhyme or reason, the price of the 8GB iPhone 4 on AT&T has dropped from $88 to $34, and the 16GB iPhone 4S is now being offered for only $114, down from the original list price of $188. The new prices apply to any AT&T customers, whether they are new activations or upgrades. Unfortunately, pricing on Verizon and Sprint iPhone models has not been lowered. Walmart previously reduced the price of the iPhone 4 one month before the iPhone 4S was announced in October, and that was the last major price drop we saw. Reports have surfaced that the next-generation iPhone could be announced in June, though our sources have indicated otherwise.

UPDATE: Walmart confirmed to 9to5Mac that the retail chain “experienced a pricing error in limited stores” yesterday and prices have now returned to their original amounts.

Read [Cult Of Mac] Read [9to5Mac]

Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.