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In addition to its new low cost StraightTalk iPhone plan, Walmart is offering $60 off the iPhone 5 when it is purchased in stores. The price after discount is $127 for a 16GB iPhone 5. This is not the first time we’ve seen heavy discounts on the iPhone 5. Last month major retailers such as Best Buy and Walmart both discounted it.

Please see the official word from Walmart below.

Get a $60 discount off the original price in-stores only. Offer requires new 2-year contract or upgrade. Price before discount: $187.00