So, now that Walmart has dropped the price of their iPhone 5 to $130 with a 2yr contract, how soon will we see a price drop from Verizon? The new iPhone is set to be released in September...
My guess would be the same day the next iPhone is released will be the earliest you will see any price reduction by Apple/Verizon (remember they pretty much control the carrier prices).
If you want to save $70 go to Walmart for your iPhone 5, just don't expect to even look at the box until its paid for, plus the salesmen don't know how to activate them. I spent 2 hours while they tried to figure it out after which they really didn't do anything. After leaving I tried to use my phone only to find out it wasn't activated. I had to call Verizon and was told they had no record of it on my account, luckily I had the receipt showing the model# Sn# and proof i bought it. after another 20 min on the phone with Verizon i finally had a phone. So if you are patient and realize Walmart employees haven't a clue how to activate you can save $70 from the $199 Verizon charges.
Don't buy from a 3rd party unless you're willing to accept the additional restrictions such as much larger ETF fees, etc.