Walmart to cut iPhone 5C and 5S prices on Friday

The price of the iPhone 5C falls to $29 and the 5S to $99. Does this mean the iPhone 6 launch is nearing?

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
2 min read

Is Apple about to launch an even cheaper iPhone 5C?
Walmart slashes the price of the iPhone 5C. CNET

In a move that could signal the imminent launch of iPhone 6, Walmart is drastically cutting its iPhone 5C and iPhone 5S prices.

A Walmart spokesperson told CNET that as of Friday, the iPhone 5C 16GB will cost $29, down from $49, and the iPhone 5S 16GB will cost $99, down from $149. The new prices are available with a two-year contract on AT&T, Verizon, or Sprint. The updated prices are for in-store purchases only and start on Friday at 9 a.m. "local time."

Typically, as Apple gears up to release its new iPhone, retailers cut prices of their current phones. 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.

Besides Walmart, other retailers are starting to offer lower prices and deals for the iPhone 5C and 5S. For example, Best Buy launched a weekend-long program in May that let users trade in old versions of their iPhones for the 5C and 5S at steeply discounted prices. The iPhone 5S went on sale for $100 and the 5C for $50.

The lowered iPhone 5S and 5C phone prices aren't the only indication that the alleged iPhone 6 is forthcoming. The rumor mill has been heating up over the past couple months with leaked images of a larger 5.5-inch phone with an enhanced camera and a possible curved display. Speculation pegs the release date for August or September.

In addition to cutting the price of its iPhones, Walmart is also lowering the price of the iPod Touch 16GB fifth generation from $209 to $195 starting on Friday.