Walmart Is Selling The iPhone 5 For Just $127

iphone 5 Apple store

Photo: AP

In an unprecedented move, Walmart has cut the price of the entry level iPhone 5 to $127, 9 To 5 Mac reports.It’s also selling the iPhone 4S for $47 and the third generation iPad for $399.

Typically, the entry level iPhone 5 costs $199 and the iPhone 4S costs $99.

You have to go to Walmart stores to get the discount. The deal runs for 30 days.

We’re not sure what’s going on with these discounts, but they’re great deals.

If we had to guess, we’d say Walmart is willing to take a $72 loss on sales to get more people in its stores.

That said, for investors worried about iPhone sales, this isn’t a great sign. If demand was strong, Walmart probably wouldn’t need discounts.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple tools-us