Dollar Tree buying NC-based Family Dollar

Walmart cuts prices on iPhone 5, iPad

iPhone generic

iPhone discounts are typical this time of year, but Walmart’s will be tough to beat.

The retail giant said it has slashed the price of the 16 gigabyte iPhone 5 to $98. Walmart had previously offered it for $129 — still far cheaper than the usual $200 price tag of the iPhone 5. To get the discount, customers will need to sign a new two-year contract with AT&T, Verizon or Sprint.

Walmart also cut $50 off the price of its 10-inch iPads. The latest iPad with Retina Display now costs $449 and the price of the iPad 2 is $349. The $330 iPad mini did not get a discount.

The price cuts come as Apple is widely expected to be unveiling a new iPhone and possibly a new iPad on Sept. 10. Retailers often slash prices to clear out inventory ahead of a new product launch.

RadioShack is currently offering a $50 discount on all iPhones, including the iPhone 4S and iPhone 4, and customers don’t need to sign a new contract to get the price-cut. T-Mobile is offering the iPhone 5 for $149 with a new two-year payment plan.

And like Walmart, Best Buy is offering $100 off the iPhone 5, but customers need to trade in their old iPhone to get the deal — not such a bargain when you consider older iPhones are fetching as much as $300 in some channels.

But Walmart’s deal undercuts all of them.

The retailer also cut the price of the iPhone 4S to $39, down from $89. Most iPhone 4S smartphones sell for $100 with a new contract.

At the same time, Walmart slashed the price of the Samsung Galaxy S4 to $138, a $10 price cut on the Verizon version and a $30 discount on the AT&T edition.

The-CNN-Wire
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