Fry’s, an American big-box store and electronics retailer, has beaten Walmart with a nice holiday discount on the iPhone 5. The entry-level iPhone 5 with sixteen gigabytes of storage and a two-year contract will set you back $126. That’s a buck less than Walmart and the lowest price we could find for Apple’s latest handset. If you’re in the market for a new iPhone, this could be the best deal yet to get your hands on the super fast, thin and light iPhone 5, arguably the best phone in the world…

If you’re eyeing a more capacious iPhone 5 model, the 32 gigabyte version will run you $226 ($326 for 64 gigabytes of storage). Fry’s has both black and white model available and sales tax is added where applicable. Note this promotion is only valid in-store.

If you’re interested in this offer, hop over to the Fry’s web store (via DealNews).