iPhone 4S Available For $114 And iPhone 4 For $34 at Some Walmart Stores [Updated]

Cult of Mac reports that Walmart has slashed the price of 16GB iPhone 4S and 8GB iPhone 4 models.

Walmart is offering the 16GB iPhone 4S for $114, which is a discount of $74 from Walmart's regular price of $188.

Walmart is also offering the 8GB iPhone 4 for $34, which is a discount of $54 from Walmart's regular price of $88. The offer is available only with a tw0-year contract through AT&T.

But the discounts don't seem to be available across all Walmart stores. Cult of Mac reports that the store in Edmond, Oklahoma and The Verge reports that the store in Austin, Texas are currently offering Apple's iPhone at lower prices. But Walmart's website still lists the price of iPhone 4S as $188, with a note that "store pricing may vary".

It is not clear if Walmart and AT&T have teamed up for the promotion and how long it will last. Walmart had  dropped the price of iPhone 4 last year to $147 from $197 in summer, few months before the launch of iPhone 4S. With the launch of the next generation iPhone expected only in fall and Apple still selling iPhones like hot cakes, the timing of the price drop is quite intriguing.

If you're planning to buy an iPhone then it may be a good time to buy one, assuming you can find a Walmart store that is offering these discounts. If you do then don't forget to let us know in the comments.

Update:

It was too good to be true, 9to5Mac reports:

Walmart just responded to 9to5Mac’s inquiry and said the retail chain “experienced a pricing error in limited stores” yesterday. The company spokesperson said the issue has been addressed and normal prices are now in effect: 16GB iPhone 4S for $188, iPhone 4 for $88, and iPhone 3GS for $0.97.