With the iPhone 5S expected to launch in just a few short weeks, retailers are looking to clear the stock of Apple’s current flagship handset any way they can. To that effect, Walmart slashed the cost of the iPhone 5 today, dropping it $100 below its price at launch. The mega-retailer is now selling the device in-store for just $98 with a two-year contract on AT&T, Sprint and Verizon.
This isn’t the first time Walmart has cut the price on the iPhone 5 in recent memory. Back in June, the company started offering the handset for $129 (down from $189.97). It also started selling the iPhone 4S—which may be discontinued if Apple unveils two new smartphones next month—for just $39 at the same time (down from $99).
With the iPhones 5S launch so close, there’s no real reason to take Walmart up on its offer. In a few weeks, the iPhone 5 will naturally drop to $99 on-contract as Apple rolls out a new flagship handset. At that point you’ll have a choice between the 4-inch iPhone 5 and the updated 5S, which is expected to feature a more powerful processor, a larger battery, possibly a built-in fingerprint scanner, but no noticeable external changes.