iPhone 5 for less: Walmart pricing starts at $189.97

Walmart undercuts standard $199 price for 16GB iPhone 5 by $9.03

Walmart will slash, well, trim the price of an entry-level iPhone 5 to $189.97, less than the standard $199 price (with two-year contract) that Apple announced at its unveiling on Wednesday in San Francisco.

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Walmart also says customers will be able to pre-order the iPhone 5 at its stores at 8 a.m. local time on Friday, Sept. 14. General sales begin at 8 a.m. local time on Friday, Sept. 21. Walmart pricing is for phones with two-year carrier contracts, and carriers will vary by store.

Pre-orders from Walmart will entail a $25 deposit toward the purchase, and customers will also receive a $4.99 VUDU movie credit.

Walmart also sells iPhone 4, 8GB, for 97 cents and the 16GB iPhone 4S for $89.97, again $9.03 less than the standard price Apple announced yesterday.

Apple has confirmed that online iPhone 5 pre-orders will start at 12:01 a.m. on the West Coast, and therefore, in the very wee hours for those further east across the United States

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