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Walmart Cuts Prices on Some iPhones and iPads

Apple's products are known for elegance, ease of use, and for being unavailable at a discount. The price is the price. Unless maybe you are a retail behemoth with a lot of clout like, say, Walmart, which is discounting the iPhone and the iPad.

A 16GB iPhone 5 has been marked down to $127 from the usual Walmart price of $189.87. The phone commonly retails for $200 with a two-year cellphone contract from a carrier.

The deal is only available in Walmart stores â€" it cannot be purchased over the Web â€" and it requires a two-year contract from one of three carriers, AT&T, Verizon or Sprint, which can be purchased at Walmart.

The plans are the same as the ones you would buy directly from the carriers.

There is also a discount on the 16GB iPad with Retina display, which is selling for $400, down from the retail price of $500. Starting Dec. 17, Walmart will also include a $30 iTunes gift card with each iPad.