No, this is no sign that the iPhone 5 is near.
Walmart is offering the Apple iPhone 4 for $147 through June 30th at select stores. These savings apply to both the AT&T and Verizon versions of the iPhone 4 in both black and white colors. Pricing requires a new two-year wireless and data agreement or qualified upgrade.
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Walmart timed this special offer on the iPhone 4 with the WWDC 2011. The new iPhone 5 is still a couple of months away. We expect it to be released in September. It will be damn hard to get your hands on one. If you want to take it easy and lock yourself into the iPhone 4 for another two years, the Walmart deal is the best around.