Starting Friday, Walmart is cutting the prices of the iPhone 5C and5S permanently.
According to CNET, which confirmed the information with a Walmart spokesperson, Walmart will cut the price of the 16GB iPhone 5C down from $49 to $29. The iPhone 5S will see its price cut from $149 to $99. The 32GB versions of the phones are also expected to see price decreases, but details have yet to be made public.
All of the new prices are available to consumers who sign up for a new two-year contract with AT&T, Spring or Verizon. The new prices are in-store offers only.
The cut in prices shouldn’t come as a major surprise. Retailers always seem to slash the prices of the iPhone around this time, which usually signifies that the announcement and launch of the latest version of the popular smartphone from Apple is just around the corner.
[See Also: iPhone manufacturers hiring more workers]
Rumors have been running for a while that a September or October launch for the iPhone 6 could be in store. The latest price cuts for the current versions of the phone could indicate those rumors as fact.
In addition to the iPhone price cut, Walmart has also lowered the price of the fifth-gen 16GB iPod Touch to $195. The original price was $209.
Do you think the price slash has anything to do with the new iPhone coming? Leave your thoughts in the comment section below.
Mike’s Musings: There is nothing really major regarding this price cut as Radioshack and Best Buy have also started to lower the prices of the current iPhones. The iPhone 6 is expected to be announced within the next two months, so retailers have to start clearing out old shipment somehow to make way for the new phones.