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Wal-Mart slashes prices on iPhone, iPad

(CNN) If you’re looking for the cheapest iPhone or iPad that isn’t used, Wal-Mart is the first place you should turn this holiday season.

The retail giant announced plans Friday to offer the 16 GB iPhone 5 for $127 (normally $189.97) and the 16GB iPhone 4S for $47 (normally $87.97), along with a two-year contract. They’ll also sell the third-generation iPad for $399.