Walmart sells iPhone 5C for $45 with two-year contract

In the latest iPhone deal from a big box retailer, Walmart cuts its price -- again -- for the "cheaper" version of Apple's smartphone.

The iPhone 5C. Josh Lowensohn/CNET

As big box stores compete for iPhone sales, Walmart is dropping its price for the recently released iPhone 5C , the retailer announced Friday.

Walmart will sell the so-called "cheap" version of the smartphone for $45 with a two-year contract. The phone normally goes for $99 with a contract.

Just before Apple's latest smartphones went on sale last month, Walmart rolled out a discount for both the colorful iPhone 5C and the higher-end, more expensive, iPhone 5S . The iPhone 5C cost $79 and the iPhone 5S went for $189 -- both with a standard two-year contract. The chain also offered a trade-in deal for older smartphones in hopes of luring customers into its stores.

The announcement comes shortly after Best Buy rolled out a limited-time promotion , selling the iPhone 5C for $50 and the Samsung Galaxy S4 for $150. Target has also been in the fray , matching Walmart's $79 preorder price for the iPhone 5C with a contract.

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