iPhone 5C drops to 97 cents at Walmart

The mega-retailer appears to be making way for the rumored iPhone 6 by getting rid of old stock at cut-rate prices.

Dara Kerr Former senior reporter
Dara Kerr was a senior reporter for CNET covering the on-demand economy and tech culture. She grew up in Colorado, went to school in New York City and can never remember how to pronounce gif.
Dara Kerr

Apple's iPhone 5S (left) and iPhone 5C. Apple

As the release of the alleged Apple iPhone 6 inevitably nears, retailers are dropping the prices of the iPhone 5S and 5C.

A Walmart spokesperson told CNET that starting Thursday at 9 a.m. local times, the retailer is dropping the price of the iPhone 5S to $79 and the iPhone 5C to a mere 97 cents. The iPhone 5S was previously $99 and the 5C was $29.

These new prices apply to all available colors of the smartphones and can only be used with a two-year contract on AT&T, Verizon, Sprint, or US Cellular.

Typically, as Apple gears up to release its new iPhone, retailers cut prices of the current phones they have in stock. Weeks before the iPhone 5S and 5C debuted last September, the price of the iPhone 5 plunged at retailers like Walmart, Best Buy, and Target.

The lowered cost of the iPhone 5S and 5C isn't the only indication that the alleged iPhone 6 is forthcoming. The rumor mill has been heating up over the past couple of months with leaked images of both a 4.7-inch and a larger 5.5-inch phone with an enhanced camera and reversible USB cable. Speculation pegs the release date for September.