Walmart undercuts Best Buy by $5 on iPhone 5c

Nobody likes to lose a deal over $5, but Best Buy may find themselves on the losing end of a price battle with Walmart on the new iPhone 5c. Best Buy shocked everyone with their $50 price tag. Walmart will not be outdone when it comes to price. Now if they’d only reduce the price of their bananas…

The iPhone 5c price drop war is on. After Best Buy announced on Thursday that it was planning to offer Apple’s iPhone 5c for $50 with a two-year contract — $50 less than Apple’s $99 price — Walmart has announced that it will offer the phone for $45.

“This is what we do — low prices is what we do,” Sarah Spencer McKinney, director of corporate communications for Walmart, told ABC News. “As a price leader, we are always looking for ways to surprise our customers with low prices and disrupt the competition.”

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