iPhone 5 price tumbles to $98 at Walmart

With a new iPhone 5S expected to drop next month, older model iPhone prices are suddenly feeling a stronger gravitational pull.

The iPhone 5 is officially past its retail prime. Screenshot by Eric Mack/CNET
iPhone 5 prices are tumbling as anticipation builds that a new iPhone 5S and perhaps a less expensive iPhone 5C will be introduced on September 10.

Retail monolith Walmart has allowed the cost of a new iPhone 5 (with a two-year contract) to slide all the way to $98 for a 16GB model in white or black on AT&T, Verizon, or Sprint, effective Friday. The megastore already had some of the lowest prices on a new iPhone 5, which were previously set at $129.

For Android fans, Walmart has rolled back the price of a new Galaxy S4 (with a two-year contract on Verzion or AT&T) to $138. That's $10 less than the previous price for a new GS4 on Verizon, and a $30 price drop for the AT&T version.

But perhaps the loudest screaming deals come to those who don't need the latest and greatest. If you'd be perfectly happy with an iPhone 4S, it'll only cost you $39 to get started, and if you find Siri annoying and could just do without her, then all you need is 97 cents for a new iPhone 4 on contract. The Samsung Galaxy S3 on Verizon is now also just 97 cents (the AT&T version has been available at that price since last month at Walmart).

Walmart also announced more modest rollbacks of $50 a piece for new iPads.

The smartphone offers are among the best around, and come as Apple rolls out its new iPhone trade-in program. Walmart also has a device trade-in program that allows for instant store credit. So, in theory, you could trade in a working iPhone 4S and use that credit to buy two new iPhone 5 units. If, of course, you're up for carrying two new contracts.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Microsoft demos wearable holograms on HoloLens

Microsoft shows off holograms you can hold with a mixed-reality game called Project X Ray. The new game runs on the company's HoloLens platform.