Update: Target has also started accepting preorders for iPhone 5, according to CNET, through its almost 1,500 retail outlets.

The nation’s largest retailer, Walmart, will begin offering iPhone 5 pre-orders in-stores at 8 a.m. on Sept. 14, as Bloomberg first noted. At the same token, Apple will allow customers to reserve devices tomorrow and will begin offering pre-orders online at 12:01 a.m. PST—alongside Sprint, Verizon, and AT&T. However, Walmart might be the spot to shop. The retailer will undercut Apple by $10 and offer the cheapest pricing for the iPhone 5: $189.97 for the 16GB version on a two-year contract. Walmart will make the iPhone 5 available for pick up Sept. 21 in-store, the same day as Apple and the nation’s big three carriers. Pricing for the 32GB and 64GB version at Walmart is not clear, but we suspect both also undercut Apple by $10.

If you are looking to save even more and do not mind floating back a few generations, Walmart will further offer the iPhone 4S for $89.97 on a two-year contract and the iPhone 4 for 97 cents on a two-year contract.

As for an unlocked version of the iPhone 5, it will be available at $649 for 16GB, $749 for 32GB, and $849 for 64GB. Apple is expected to make the unlocked version available in the coming weeks.

Best Buy and Radio Shack also confirmed they will sell the iPhone 5, but they did not offer any more specifics. A Target spokesperson was not able to offer the same confirmation.

So, let us know: which version of the iPhone 5 are you going with?

(Image: Slashgear)

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