Mega discount for Iphones at Wal-mart- VZ, S, T

Wal-mart Stores Inc, (NYSE:WMT) the biggest retailer stores is selling Apple Inc. (NASDAQ:AAPL)’s iPhone 5 at great discounts at all over its stores. The original cost of 16 GB Apple iPhone is $189.97 whereas Wal-mart Stores Inc, (NYSE:WMT) is selling it for $127 at more than 35% discount along with a two year price validity from the other wireless carriers like Verizon Communications Inc (NYSE:VZ) (Which is one of the famous broadband and telecommunications company), sprint Nextel Corporation (NYSE:S) (which is also a company operating wireless networks) and AT & T.(NYSE: T) (one of the well known telecommunication company).

The other Apple products which Wal-mart Stores Inc, (NYSE:WMT) is selling at much discounted rates include 16 GB iPhone 4S, 16GB iPad with Retina display and even include Wi-Fi which is also at a discount.

It is stated that the offers are valid only up to 30 days from the date of announcement. One more interesting thing is that the offers are only in the stores and the sale is not through online wherein the customers cannot do purchasing sitting at one place at their systems. The offers are been given over 3000 stores though the areas are still not mentioned.

When we are hearing about the discounts over Apple Products its shocking as the Organization which always was fixed at the prices for all of its product is now entered in to deal with Wal-mart Stores Inc, (NYSE:WMT) and offering products at discount.

It is made public that from Dec. 17th Wal-mart Stores Inc, (NYSE:WMT) is going to offer iPad at $399 which was originally at $499. Moreover it said that it will offer $30iTunes card along with it. It is offering the 16 GB iPhone 4S at $47 against the original price of $89.97.

With all this shocking offers for the first time it was requested for an answer from the organization. However there was no respond for the same.

Wal-mart Stores Inc, (NYSE:WMT)’s deal with Apple will be more competitive to others who are already in business with it like which is also a famous internet retailer.

Talks are in the air that Wal-mart Stores Inc, (NYSE:WMT) will stop selling Amazons kindle eReaders and tablets by September as Apple’s products will be in more demand than others.

Shares of Wal-mart Stores Inc, (NYSE:WMT) were up by 0.65% to close at $69.20, shares of Verizon Communications Inc. (NYSE:VZ) were down by 0.20% to close at $44.12, shares of Sprint Nextel Corporation (NYSE:S) were up by 0.18% to close at $5.56, and shares of AT&T Inc. (NYSE:T) were up by 0.65% to close at $34.23.

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Published by Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.

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