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."