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Walmart Slashes Prices on Apple iPhone 5 and iPad

Justin Sullivan/Getty Images(NEW YORK)-- If you’ve been waiting for the iPhone 5 or an iPad with a Retina Display to drop in price, you can now do a little dance. Walmart has started to carry the iPhone 5 and third-generation iPad at a steep discount, at least for Apple products.

While Apple rarely offers its newest products for less than the retail price, for the next 30 days at Walmart stores, the 16GB iPhone 5 will cost $127, down from the usual $199. The 16GB iPhone 4S, which is usually $89.97 at Walmart, has also been discounted to $47. Both versions of the phone will require a two-year cellular contract with either Sprint, Verizon or AT&T.

In addition, Walmart has also slashed the price on the third-generation iPad. The 16 GB iPad with Retina Display will start at $399. Apple offers the iPad 2, which doesn’t have a Retina Display and a slower processor, for the same price on its website. Additionally, at Walmart, starting today, Dec. 17 this iPad will come with a $30 iTunes card. There are no discounts on the fourth-generation iPad, which has a faster A6X processor and new Lighting charging port, or the new iPad Mini.

The offer is only available in Walmart stores and there are likely to be shortages.

Copyright 2012 ABC News Radio

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