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[Updated] Walmart Offering iPhone 5 For $127, Third Generation iPad For $399

Walmart is dishing out some hefty discounts for the holidays on Apple products. There’s no telling how long these prices will last, but that little floating smiley face is definitely rolling back prices.

According to 9to5Mac, Walmart will offer the 16GB iPhone 5 for only $127. That’s the cheapest price on the market so far. The fourth third generation iPad has also dropped in price starting at only $399. Walmart also said that starting on Dec. 17, 2012, a $30 iTunes gift card will come along with this already amazing deal on an iPad.

Last but not least, you can now score an iPhone 4S at Walmart for $47. All of the iPhone prices are only valid with an eligible upgrade and 2 year contract with your carrier. At these prices though, you might as well pick up two!

Check with your local Walmart for pricing and availability.

Update #1: MacRumors recently received a statement from Wal-Mart spokesperson Sarah Spencer about the special sales:

Walmart works closely with Apple to secure some of the strongest allocations of their products. That being said, inventory is a first come first serve basis so we recommend customers come early to secure their Apple product. We will not offer rain checks but customers should know we will be refreshing our inventory on an ongoing basis.

Note: Comments on various articles around the Web regarding this matter are stating that certain Walmart stores are unaware of the iPad sale at the moment. Let me know if you hear anything from your local Walmart.

Update #2: We were recently contacted by Connor Murphy from Walmart’s public relations team. Walmart informed us that the original report stating the fourth generation iPad is on sale was incorrect:

We are offering the iPad 3 at the special deal, not the fourth-generation iPad – it’s the iPad 3 at the iPad 2 price.

I knew it was too good to be true. :-( Just to re-clarify, this special pricing is for the third generation iPad. Sorry for the confusion everyone.

Source: 9to5Mac

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