Walmart Fight with Apple Means Cheaper iPhones

Walmart has ignored Apple's usual requirements for keeping prices high, a gutty move that will allow consumers to buy the new iPhone 5 for $79, according to this report from Bloomberg News on SF Gate.

That's 20 percent lower than anywhere else, but it comes with a price: a two-year-contract.

That aside, keep in mind that the way the big discount house makes its dough is by up-charging on all the peripherals like cases, headphones, screen protectors.