How Did Walmart's IPhone Discount Defeat Apple's Price Controls?

How Did Walmart's IPhone Discount Defeat Apple's Price Controls?
CHICAGO, IL - AUGUST 15: Customers shop at a Walmart Neighborhood Market store on August 15, 2013 in Chicago, Illinois. Walmart, the world's largest retailer, reported a surprise decline in second-quarter same-store sales today. The retailer also cut its revenue and profit forecasts for the fiscal year. (Photo by Scott Olson/Getty Images)
CHICAGO, IL - AUGUST 15: Customers shop at a Walmart Neighborhood Market store on August 15, 2013 in Chicago, Illinois. Walmart, the world's largest retailer, reported a surprise decline in second-quarter same-store sales today. The retailer also cut its revenue and profit forecasts for the fiscal year. (Photo by Scott Olson/Getty Images)

Wal-Mart Stores (WMT) plans to sell the newest iterations of iPhones at a discount, a pricing strategy that Apple (AAPL) has managed to squash for years.

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