(Photo : Apple)
The iPad's price has been reduced at Walmart as rumors strengthen about the upcoming fifth-generation Apple Inc. tablet.
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The new $499 price tag is valid for the both black and white models.
The 32GB iPad 4 also had its price reduced from $599 to $549.
The 64GB model of the iPad 4 encountered the same $50 savings, as the tablet is now priced at $649, down from the original $699.
Finally, the 128GB iPad 4's price went down from $799 to $749.
The $50 discount is also valid for iPad 4 tablets when signing with a carrier, namely AT&T, Sprint and Verizon.
The 16GB iPad 4 with cellular connectivity is priced at $579, down from $629.
The 32GB model is down from $729 to $679.
The iPad 4's 64GB model was reduced to $779 from the previous $829 price tag.
The 128GB iPad 4 model for AT&T is out of stock online, but it had a price of $879.
The iPad mini, however, did not receive a discount at Walmart.
"Retailers often slash prices to clear out inventory ahead of a new product launch," noted CNN Wire.
In regards to a release date, the Greek website Techmaniacs also reported that the next-generation tablets, the iPad 5 and iPad mini 2, might debut on Oct. 25.
The price cut for the iPad 4 at Walmart comes as the retailer also reduced the price of the iPhone 5.
Latinos Post reported on Sept. 2 about Walmart's decision to price the iPhone 5 at $98 for consumers eligible to upgrade or sign a two-year contract with AT&T, Sprint or Verizon. The iPhone 5 offer is not valid for T-Mobile. The deal is also an in-store only offer.
For the latest updates, follow Latinos Post's Michael Oleaga on Twitter: @EditorMikeO