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Wal-Mart to sell iPhone 5 for $189; preorders start Friday

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<i>This post has been updated. See the note below for details.</i>

Wal-Mart is set to begin preorders for the iPhone 5 on Friday morning, selling the device for $10 less than its competitors.

Starting at 8 a.m. PDT, the retailer will sell the 16 GB version of the iPhone 5 for $189.97 if the buyer signs up for a two year service plan with either AT&T;, Verizon or Sprint.

Apple, AT&T;, Verizon and Sprint will also be selling the iPhone 5, but they’ll sell the 16 GB model for $199 with a two-year plan.

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Wal-Mart said users who want to preorder should find a store that will carry the device and must come in person. They must deposit $25 on the purchase and in return they’ll get a reservation card that they can use when the phone arrives in stores Sept. 21.

Apple, AT&T; and Sprint will also begin preorders Friday, starting at 12:01 a.m. Verizon has also said it will do preorders, but the carrier has not yet confirmed what time exactly they will begin.

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[Update 5:27 p.m., Sept. 13: Verizon has told The Times it will begin its pre-orders online at 12 a.m. PDT Friday.]

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