Looking to move up a rung on the iPhone ladder this Christmas? Just hold on for a couple of days, and you might be able to do it for ridiculously cheap. Walmart's going to run some promotions like a 16GB iPhone 5 for just $127 and other related insanity.

In addition to that iPhone 5 deal—which requires a standard two-year contract, of course—word on the street is that iPhone 4S's will be available from $89.97 to $47 while the 3rd generation iPad with Wi-Fi only will be a cool $399 and come with a $30 iTunes gift card. All these deals go into effect today so go make a mad dash. We've reached out to Walmart and they have confirmed these sweeeet dealz. [9to5Mac]