The iPhone 5c is Apple's attempt at making iPhone affordable enough for everyone. The company launched the device at $99 on contract recently, but that price has now fallen further.

According to CNN, Walmart has slashed the iPhone 5c price to $45 until the end of the holiday season. This is a great deal for individuals who are interested in the most affordable iPhone yet.

Walmart isn't the only company trying to attract iPhone customers. Radioshack is also in on the game; the company is offering customers a $50 gift card to put towards the iPhone 5c up until November 2. Furthermore, Best Buy had its own iPhone 5c sale where consumers could pick up the device for $50. Best Buy's promotion ended on October 7, but with the Walmart and Radioshack deal is still in place, fans of the iPhone are still in luck.

Note that to avail of this discounted price, you'll have to sign a two year contract with the network service provider. The phone can, however, be had off-contract for a whopping $549, which is quite expensive for a 1.3GHz dual-core smartphone with a 4-inch display.

The slash in price does not mean iPhone 5c is not selling well. Bear in mind that Apple sold 9 million units of the iPhone 5c and iPhone 5s over the first weekend of availability. What we're seeing here is retailers doing their best to get consumers in a contract agreement for 2 years, because this way more money is made by them, than when the customer pays for the device in full.

Apple should be very happy about the outcome of the iPhone 5s and iPhone 5c. A Venturebeat report cited Cantor Fitzgerald analyst Brian White as saying, "We estimate preliminary September sales for our Apple Barometer rose by approximately 9-10 percent month-over-month."

While this is great news, things might not be so groovy, however, at the Apple headquarters. Compared to a year ago, Apple is not the same company as its stock price fell dramatically, which might be due to the disappointing sale of iPhone 5.