updated 04:05 pm EDT, Sat June 22, 2013
Retail giant cuts iPhone 5 price by a third
Beginning Saturday, retail giant Walmart will start offering Apple's iPhone 5 for roughly a third lower than its previous price point. The retailer will be offering Apple's newest handset for just $129, down from $189. The iPhone 4S will also see a discount, going from $89 to just $39.
The discounts are contingent upon customers signing up for a new two-year contract with one of three carriers. AT&T, Sprint, and Verizon are the carriers customers can choose from for the promotion.
Walmart is not alone in deeply discounting the iPhone 5 and 4S. Electronics retailer Best Buy recently announced a continuation of its trade-in program, which allows customers to save up to $150 off the cost of an on-contract iPhone 5 if they bring in their old iPhone 4S or 4.
Some observers believe the discounts are aimed at clearing stock ahead of a possible iPhone 5S or iPhone 6 reveal in the coming months. Images of supposed parts for such a device continually leak to the Internet, with the most recent being a partially assembled chassis said to be part of an iPhone 5S.