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Walmart has slashed the price on Apple’s newest iPhone, which some observers call a curious move so soon after the phone’s recent launch.
The retailer cut the price of the 16 GB iPhone 5 to $127 from $189 for a 33 percent discount. Purchasers must agree to a two-year contract with AT&T, Verizon or Sprint. The 16 GB iPhone 4S was reduced to $47 from $89.97 with a contract.
The offers are only available in stores, and not online. Other retailers are offering the iPhone at $50 discounts.
The competition to get smartphones, tablets and other digital devices into the hands of holiday shoppers is at a fever pitch among manufacturers, retailers and wireless carriers in the biggest shopping season of the year. AT&T has knocked $100 off all its tablets, including the iPad and new iPad Mini, until the end of the year with a two-year contract. The promotion, however, isn’t extended to smartphones.