Stores Drop Prices for Cheapest IPhone Model

Get them for $50 or less (if you sign a contract, of course)

The iPhone 5c price drop war is on. After Best Buy announced on Thursday that it was planning to offer Apple's iPhone 5c for $50 with a two-year contract—$50 less than Apple's $99 price—Walmart has announced that it will offer the phone for $45.

"This is what we do—low prices is what we do," Sarah Spencer McKinney, director of corporate communications for Walmart, told ABC News. "As a price leader, we are always looking for ways to surprise our customers with low prices and disrupt the competition."