Best Buy lost $65,000 discounting iPhone 5 smartphones over the holidays, claiming it was “compelled” to do so to keep up with WalMart. Best Buy, initially offering a $50 discount to $149 for the base model, was forced to price match WalMart’s $127 offer. Many retailers claim WalMart plans such offer, knowing it only has limited inventory of an item, specifically to hurt its competitors. Sounds like smart business to me. [Source: ArsTechnica]