Cheapest Deal Yet Alert: iPhone 5 for $127 (Verizon, AT&T, Sprint)

In the bewildering position of deciding whether to renew your contract for an iPhone 5? If you are set on upgrading now, we have the best deal yet for those willing to sign a new two-year contract (which is required at any subsidized price). Join us after the break for details on how to receive a new iPhone 5 on the three major U.S. carriers at a substantial (though not exactly compelling) subsidized discount of $127.

Whether you love or hate the chain, Walmart remains committed to bestowing upon consumers its share of discounts. Perhaps that is reason enough to make the trek to a store, especially if you are in the market for a new smartphone. In addition to Walmart’s advertised price of $187, the retail store behemoth has a $60 instant rebate on offer for in-store iPhone 5 purchases. Thus for $127 and a two-year contract, buyers can walk out with a new iPhone 5 ready to use on Verizon, AT&T, or Sprint.

If you are not so inclined to visit a Walmart store for the deal, we would like to remind you that there are a number of stores that offer price-matching (although note that neither carrier stores nor Apple will budge a dollar when purchasing directly). Best Buy, although they are suing Walmart for an iPhone 5 holiday promotion that they were required to match per their policy, is a viable choice for a price-match if you prefer the less technology-impaired environment.

This is a curious discount: a Walmart exclusive coming just four months after iPhone 5′s initial release. Perhaps this provides weight to the rumors of iPhone 5S/6 launching sooner, breaking the annual release schedule.

For those looking to save on cellular service instead and deal with a bigger upfront price, purchasing an iPhone 5 at its full $649 price (with no contract commitment) gives you the option of using it on a pre-paid service such as Walmart’s in-store offering of $45/month Straight Talk cellular service.

The iPhone 4S has also been discounted, all the way down to $47. Nonetheless, iPhone 5 represents a superior value.

At this point our recommendation would be to wait to see what Apple has up its sleeve, especially after the previous iPad was revised just seven months after its launch, a trend that has grounds for spilling over into the iPhone lineup. However, if do you need to use an upgrade now then this is quite a good deal.

[Walmart]

Image source: Fox News