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Wal-Mart to Offer Apple’s Pre-Orders for First Time

Wal-Mart Stores Inc., the world’s largest retailer, will take pre-orders for the new Apple Inc. iPhone for the first time and offer discounts on the device.

The iPhone 5, announced yesterday, can be ordered tomorrow at 8 a.m. at U.S. stores, Sarah Spencer, a spokeswoman for the Bentonville, Arkansas-based retailer, said in an interview. The newest version of the best-selling smartphone will sell for $189.97 with a two-year contract, Spencer said. That’s cheaper than the $199 price announced by Apple, which will also begin taking orders tomorrow.