Dec 15, 2012 (12:12 PM EST)
iPhone 5 On Discount At Wal-Mart

Read the Original Article at InformationWeek

Wal-Mart is offering Apple's iPhone 5 and iPhone 4S at substantial discounts, with the knowledge and permission of Apple. The phones will be available for 30 days in 3,000 unspecified Wal-Mart stores. They will not be available online.

The 16GB iPhone 5, which lists for $199 and was selling at Wal-Mart for $189.97, costs $127 under the discount, and requires a two-year contract with Verizon, AT&T or Sprint. Wal-Mart is selling the 16 GB iPhone 4S for $47 with such a contract.

The news was broken by Reuters Friday. According to Reuters, a Wal-Mart spokesperson said "We worked together with them on this."

Reuters also reports that "Wal-Mart is pricing the iPad starting at $399, down from $499. Beginning December 17 the retailer said it will throw in a $30 iTunes card."