The company is offering the deal from Friday through Monday for customers who trade in an iPhone 4 or iPhone 4S.
Apple iPhone 4 and iPhone 4S owners can get their hands on a new iPhone for a pretty sweet price.
Best Buy on Thursday announced that current iPhone 4 or iPhone 4S owners who trade in a working handset between Friday and Monday will receive at least 50 percent off the purchase of an iPhone 5 16GB or 32GB smartphone. The deal is available only with a two-year activation.
Best Buy's deal comes with a guaranteed $100 credit on the iPhone 5 16GB model. The 32GB option will receive a minimum $150 trade-in credit. That means trade-in customers can get the 16GB option for at most $99.99, while 32GB buyers can get their hands on the device for $149.99, at most.
The timing on Best Buy's announcement is likely not coincidental. Apple is expected to announce a new iPhone on September 10. The retailer might be trying to convince consumers to buy an iPhone and deplete its stock before the new iPhone launches.