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Sprint sweetens the deal for iPhone 4S

Just a week after slashing the smartphone's price, the carrier is upping the ante with a $100 gift card on all smartphones purchased over the Internet.

Sprint is trying hard to move Apple's iPhone 4S.

Sprint is upping the ante to move the iPhone 4S to customers as many expect Apple to unveil the next generation of the popular smartphone next month.

After a price drop last week, the third-largest U.S. wireless carrier is now packaging a $100 gift card with the purchase of any smartphone by new customers over the Internet. Apple plans to match the deal by offering Apple Store credit for the same amount, Business Insider confirmed.

The new promotion, which is good until August 26, comes less than a month before the expected launch of the new iPhone on Sept. 12. It also comes a week after Sprint quietly dropped the price of its iPhone 4S from $199 to $149. Sprint told CNET at the time that price cut was simply a back-to-school promotion.

Apple is planning a major event in mid-September and, according to recent iPhone chatter, it will be announcing the new iPhone there and could possibly release the device just a few days later.

While there has been myriad rumors of what hardware the new iPhone will feature, there is wide speculation it will have an A5X chip and a smaller SIM card slot.

Updated at 9:40 p.m. PT to correct the new hardware features rumored to be on the new iPhone.

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