Wallmart slashes iPhone 5 price by 33%

“Starting today, Walmart has dropped prices on both the iPhone 5 and iPhone 4S, with the 16 GB iPhone 5 now on sale for just $127 and the iPhone 4S coming in at $47.” I’m sure a 33% price cut right ahead of the holidays is totally normal for a product of which demand outstrips supply. Right?

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