Photo Video
The new iPhone 5 is displayed during an Apple special event at the Yerba Buena Center for the Arts on September 12, 2012 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
Hide Caption

Walmart slashes price of Apple (APPL) iPhone 5, new iPad

Don't Waste Your Money

a a a a
Share this story

Another major retailer is now slashing prices on new Apple products, days after Best Buy announced a sale on the new iPhone 5.

Walmart is now selling the iPhone 5 for just $127, with a new two-year contract. It retails for $199 at the Apple store, though was recently selling for $189 at Walmart.

Walmart is also marking down the 3rd generation iPad to $399 (it is still $499 at the Apple store). This is not the just released updated iPad "3," but rather the iPad "3" released earlier this year with retina display. 

It is still a great deal however, because it is the same price as the older iPad 2 at the Apple store.

However, you can only find these deals in Walmart stores, not Walmart's website. It appears the retailer is hoping shoppers come in for an iPhone, and leave with a shopping cart filled with other goods.

Unusual Discounts on New Apple Products

Normally, an Apple product has to be on the shelves six months or more before Apple allows discounts.

But Best Buy is now offering $50 off the new iPhone 5, through Jan. 5, not even four months after it went on sale. Radio Shack has also marked it down from $199 to $150 as well.

What this may mean

According to the Los Angeles Times and many Apple analysts, this may mean two things:

1. The iPhone 5 is not selling as well as Apple expected, after the initial rush the first two weeks. (Critics refer to these people as "Apple fan boys"). Apple is not yet releasing full sales figures.

2. An upgraded iPhone 5S may already be in the works, with longer battery life and NFC technology, now standard on some Android phones.

NFC means "Near Field Communication," which lets you pay in stores by just swiping your smartphone. It does not currently come with iPhones.

3. This could also mean that the iPad Mini is eating into sales of the third generation iPad, as some had predicted.  Many shoppers buying an iPad Mini for the holidays may be choosing it instead of the third generation full size iPad.

Whatever the reasons, it is a great time to shop around for Apple products.

As always, don't waste your money.
__________________

Don't Waste Your Money is a registered trademark of the EW Scripps Co.

"Like" John Matarese on Facebook

Follow John on Twitter ( @DWYM)

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Print this article

Comments

Hmm... It looks like you’re not a WCPO Insider. or Subscribe now to contribute!

More DWYM
Consumer investigation: Store scanner errors
Consumer investigation: Store scanner errors

John Matarese goes undercover to find store cash registers with the most errors

Need MRI or CT scan? How to save hundreds
Need MRI or CT scan? How to save hundreds

John Matarese shows a great alternative to expensive hospital scans

Apps that can be dangerous for children
Apps that can be dangerous for children

Is it really a friend or is it a predator? Unless you are actively monitoring your child's smartphone and tablet apps, you are not…

Free Shred Day this Saturday
Free Shred Day this Saturday

John Matarese has details on a  major free shredding event

How to save BIG on Reds tickets
How to save BIG on Reds tickets

If you couldn't make it to Opening Day, there’s still plenty of time to see the Cincinnati Reds this season – and for cheap.

Canceled flights ruining more and more vacations
Canceled flights ruining more and more vacations

John Matarese reports why travelers are being hit with so many cancelations these days

How to get rid of old electronics for cash
How to get rid of old electronics for cash

Do you have an old computer or an ancient cellphone sitting around your house? With Earth Day upon us, it’s the perfect time to do away…

Nextdoor: safer way to buy and sell stuff online
Nextdoor: safer way to buy and sell stuff online

John Matarese reports on a safer social network that filters out the scammers and spammers

Popular app turned out to be a fake
Popular app turned out to be a fake

John Matarese warns why trusting apps just because they are popular is not a great idea

When it's safe to shred old documents
When it's safe to shred old documents

John Matarese shows what's safe to shred, and which papers you should save forever.