IPhone Price Cuts Send Bond Inflation Bets to Lowest Since 2001

IPhone Price Cuts Send Bond Inflation Bets to Lowest Since 2001

David Paul Morris/Bloomberg

Bentonville, Arkansas-based Wal-Mart Stores Inc. cut its price for Apple Inc.’s 16 gigabyte iPhone 4S to $148 from $188, which was already cheaper than the manufacturer’s suggested retail price of $199.