Walmart to Discount iPhone 5 By $60 Beginning Saturday

Walmart is not clearing stock. Apple is trying to goose sales until their new products come out later this year.

thanks but no thanks, i'll wait for the iphone 5s, but i'd say that this is a great move by apple, this would further affect the s4's dying sales.

Seems a little early to be clearing stocks to get ready for the next iPhone, whatever it will be named. That's probably three months away.

But it's a great price!

walmart is not clearing stock. Apple is trying to goose sales until their new products come out later this year.

+1

Well it looks like Apple's run of high priced, fat margined products is waning. Good news all around.

Sooner or later people wake up to the fact that although Apple makes good products, perhaps they're not "Magical & Revolutionary" after all.

As the "Steve Jobs Effect" wears off, reality sets in.

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Wow. Steve fought long and hard to make Apple stores perfect, to display his creations in a way that sets them apart.

Now they are in Walmart bargain bin. WTF??

Steve Jobs is the one who approached WalMart to place his products with this mass market low end retailer. He knew sooner or later there was no avoiding it.

looks like the iphone 5 is not selling well, poor apple. GS4 and the htc one have really affected the sales

And in Japan, the iPhone 5 is still free, as it has been since the day of launch. Oh and they give you $100 (10,000 yen) cashback as well. So basically it's minus $100.

Amazes me how America seems to put up with this nonsense.

It gets even better. AT&T is now running a 50% off promotion which includes iPhones. You can now get a new iPhone 5 for $99 w/ new contract!

hey all. long time reader, first time poster here. thought i'd put some things to rest:

i work for a walmart in NY in the electronics department. i sometimes deal with the contract phones and have access to the telxon machine that tells me inventory and % mark-up. iphones (which walmart sells outright for $499, $599, and $699 for the 4, 4s, and 5 respectively) are marked up somewhere in the 5-7% range on the outright price. galaxys are marked up 20-30% on the outright price ($649 for the s3 and i believe $699 on the s4, we pretty much just got those in so i'm not as familiar). hardly anyone buys these phones outright though.

when it comes to activations through wireless carriers, the stores see payment on the back end from the carriers. for instance, my store does verizon and t-mobile activations. we get $600 on the back end from verizon per iphone activation and $200-$300 for any android/basic phone activation. all electronics stores that do phone activations are under this payment deal as well.

i can also tell you that walmart is not swimming in iphone inventory either. we get a handful in at a time and really never have more than 10-15 of any model in stock. our regional distribution warehouse also does not keep much stock of these either.

I kind of doubt it too, but I still can't believe Apple is going to let a variety of outlets sell the iPhone 5 for $129 for 3+ months.

Does Apple have a minimum advertised price? Or should they even care? Apple is still getting $649 for each iPhone 5 that these stores order from them. The price cut won't affect Apple's bottom line.

It's the stores who are taking the cut.

But AT&T makes their money on the 2-year contract anyway... so that $100 they're losing up front is a drop in the bucket.

And Wal-Mart only makes pennies from these iPhone sales anyway... they just want to get you in the store so you can buy other stuff.

Knowing that Apple and these retailers have a relationship... these price cuts would be authorized by Apple, right?