Scalper1 News
When retailers start discounting a popular product, you can bet a new model is on the way. That is likely the case with Wal-Mart’s move to cut prices on the Apple (AAPL) iPhone 5 series of smartphones. Wal-Mart (WMT) on Friday trimmed the price of the 16-gigabyte iPhone 5C to $29 with a two-year contract, down from $49, while the 16 GB iPhone 5S is now $99, down from $149. The discounts are available only in stores. This past week, Costco (COST) began selling the 16 GB iPhone 5S for $77.99, a discount of about $120. Best Buy (BBY) also has cut prices on iPhone 5 series phones. It is offering the 16 GB iPhone 5S for $99 with a two-year contract, down from the regular $199 price. The deal is good only on wireless contracts with Verizon (VZ) and Sprint (S), not AT&T (T). Scalper1 News
Scalper1 News