Update #3: From iLounge:
"Although iLounge contacted Walmart before posting this story to confirm that the $399 pricing did, in fact, apply to the fourth-generation iPad - and received unambiguous written confirmation of that detail from a spokesperson - the company has now retracted the claim, suggesting that the $399 price applies solely to the third-generation iPad."
However, we have received emails claiming some Walmarts are not even honoring the sale price for the iPad 3.
Update #2: There seems to be some confusion as to what iPad is on sale. According to a Walmart rep, the deal is "the iPad 3 at the iPad 2 price". User comments on iLounge also say the deal is for the iPad 3.
"I just called my local Walmart and they said the $399 pricing is for the 16GB iPad 3rd generation, not the Retina display."
Update: Quick correction. Walmart is reducing the price of the iPad 3, not the fourth-generation iPad like we originally stated.
Cult of Mac has learned that a Walmart store in Edmond, Oklahoma has reduced the prices of the iPhone 4 and 4S AT&T models. The 8GB iPhone 4 on AT&T is now $34, and the white and black 16GB iPhone 4S on AT&T is now being offered for $114. The new prices only apply to AT&T upgrades and new activations. AT&T has not confirmed if this is a carrier sale or a Walmart only promotion. It's also unclear if all Walmart stores are participating. However, you may want to visit your local Walmart to see if these new prices are available in your area.
The unprecedented low price of $147 for a new iPhone 4 is coming to a Sam's Club near you. Following the recent expired Radio Shack promotions, Sam's club will undercut record low prices on the iPhone 4 by an additional two bucks. The iPhone 3GS will go on sale for just $47.
Radio Shack sold out of the iPhone nationwide during its sale, and Best Buy offered the iPhone 3GS for free in a one-day only sale. Here's the catch, to qualify for these low prices at Sam's Club you must be a member and sign up for a two-year service agreement with AT&T Mobility.