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.
Update: Quick correction. Walmart is reducing the price of the iPad 3, not the fourth-generation iPad like we originally stated.
"I just called my local Walmart and they said the $399 pricing is for the 16GB iPad 3rd generation, not the Retina display."
Not to be outdone by Best Buy and RadioShack, Walmart has announced it will be dropping the price of the 16GB Wi-Fi only iPad to $399, and will offer the 16GB iPhone 5 for just $127. Buying a new iPad will also score you a $30 iTunes gift card starting on Monday, and the iPhone 4S is being offered for only $47. Both the iPhone 4S and 5 deals include a two-year contract.
RadioShack and Best Buy have been offering deals on the iPhone 5 and 4S since early December. You can buy an iPhone 5 with two-year contract at The Shack for $179 until December 15, and Best Buy is giving away a $25 gift card with any two-year contract iPhone 5 purchase.
Newest iPhone FAQs
These are some surprising price cuts for newer Apple products, and it would be smart to take advantage of these deals for the upcoming holidays. Obviously Walmart is offering the best deal out of the three retailers. We'll have to wait and see if RadioShack extends its deal, and if Best Buy comes up with something better than a $25 gift card.