More Retailers Cutting iPhone Prices Ahead of ‘iPhone 5’ Launch

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iPhone Price Cuts

More retailers are cutting prices on the iPhone 4 and 4S in anticipation of the next generation “iPhone 5” expected next month, AllThingsD reported Monday. Some retailers such as Walmart briefly cut prices on their iPhone inventory earlier this year, and it was reported last week that Apple Retail Stores have recently begun to offer price matching on iPhone discounts from qualified stores in each local market.

Examples of price reductions from major U.S. retailers include Target offering the 16 GB model of the iPhone 4S for $179.99 with a 2-year service agreement (compared to a $199 launch price) and Best Buy offering the 8 GB iPhone 4 for $49.99 (originally $99.99).

Mobile carriers are also jumping on the discount bandwagon, with Sprint pricing the 16 GB iPhone 4S for $149.99

With the unveiling of the next generation “iPhone 5” likely occurring in less than a month, it is no surprise that retailers, and Apple, are eager to sell remaining inventory.

For users that don’t anticipate needing the rumored features of the next iPhone, the recent price reductions are a great way to save some money up front, even if the money saved pales in comparison to the total cost of the contract.

Teaser graphic made with help from Shutterstock.

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