The move heats up the smartphone pricing wars among the big three carriers and the other no-contract plans where customers pay upfront for phones.
Walmart will launch the iPhone plans Jan. 11 in more than 2,000 stores and online.
Customers will have access to the iPhone 5 and iPhone 4 on Straight Talk’s $45 no-contract unlimited talk, text and data plan. Walmart will be offering customers who purchase the phone in the store a no-interest financing offer for $25 a month with a Walmart Credit Card.
The iPhone 5 will be available in black and white for $649 for the 16GB model only. The iPhone 4 will be available in black and white for $449 for the 8GB model only
Walmart claims the Straight Talk wireless plan saves consumers on average $950 a year when they switch from conventional contract plans with similar unlimited plans.
Straight Talk Wireless is a brand of TracFone Wireless, which is not shy about boasting of its latest promotion.
“The advanced iPhone 5 with our unlimited $45 monthly plan and Walmart’s $25 special financing offer is a marriage made in heaven – making it the most affordable premium smartphone offer in America. With this exclusive offer the last reason for not purchasing the No Contract Straight Talk plan is gone,” said F.J. Pollak, CEO and President, TracFone Wireless.