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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.