Wal-Mart knocks iPhone 5 prices way down

The models are much cheaper than what you would get from Apple. The newest iPhone is expected to be unveiled next month.

By MSN Money Partner Aug 21, 2014 2:55PM
Credit: © Andrew Burton/Getty Images
Caption: The iPhone 5C is seen on display at the Fifth Avenue Apple store in New York CityBy Lisa Eadicicco, Business Insider

Wal-Mart (WMT) is practically giving away iPhones. 

As part of a new promotion, the retail giant is now selling the iPhone 5c (pictured) on a two-year contract for just 97 cents. The iPhone 5s is also getting a significant price cut to $79 down from $99. 

Although the iPhone 5s costs only $20 less than Wal-Mart's previous price, it's still much cheaper than what you would get through the Apple Store. 

Apple (AAPLis still selling the entry-level 16GB iPhone 5s for $199 on a two-year contract. Engadget was the first to spot the promotion on Wal-Mart's website on Wednesday, reporting that the deal was valid for 90 days.

The discount applies as long as you sign up for a two-year contract with AT&T (T), Verizon (VZ), Sprint (S), or US Cellular.

Wal-Mart's bargain comes just as Apple is expected to unveil its new iPhone on Sept. 9. Presumably called the iPhone 6, Apple's next smartphone is expected to come with a larger 4.7-inch screen that is sharper than the iPhone 5s', a new processor from Apple, and thinner design that resembles the iPad Air.

Rumors suggest that Apple may also release an even bigger 5.5-inch iPhone this year, but it is unclear if the two phones will launch at the same time.

It is possible that Wal-Mart is trying to clear out its inventory ahead of Apple's new iPhone launch, but we will have to wait on the word from Apple to know for sure. 

More from Business Insider
Aug 22, 2014 12:54AM
Sounds like to me that Wal-Mart is RUNNING a HELL of a CON GAME!!!! But one thing about it, This 2 Year Contract GARBAGE is NOTHING but PURE GARBAGE!!! These CROOKED-LYING cell phone companies like VERIZON..  NEED to END this 2 YEAR GARBAGE RIGHT NOW.....
Aug 21, 2014 5:57PM
Aug 22, 2014 7:47AM
I don't get why MSN has these posts.  If you don't like phone contracts, don't get one.  If you don't like apple don't buy their stuff.  If you don't like Walmart, don't shop there.  The solution is for MSN to discontinue these posts.
Aug 21, 2014 6:01PM
Well duh.. Every retailer is going to be cutting the price on the iPhone 5S and 5C once the iPhone 6 comes out. Some sellers will even be giving them away with a 2-year contract. 
Aug 21, 2014 5:55PM
Okay, I don't like Walmart either. But why does Msnbc have daily negative articles about the company? Did they steal somebody's birthday?
Aug 22, 2014 7:28AM
Nothing new , Cell phone company s have always giving out free phones, The contracts where they make the money. If you read the fine print you will also notice that if you cancel the contract before its time you will pay pay full price for the phone.
Aug 21, 2014 11:17PM
Aug 22, 2014 9:40AM

I am still amazed that people still buy items that are sold at 150 to 500 times their true cost.  Some are even 1,000 times what they cost to build and distribute.


Aug 22, 2014 10:11AM
Guess Verizon is really overstocked on iPhones. They offered me one -- a 32gb model no less -- for "free". "Free" meaning a two-year contract, of course.
Aug 22, 2014 9:59AM
They actually post this as breaking news ????  Ya gotta be kidding me !! I upgraded to an I-Phone 5s 3 weeks ago and paid  (0) nada nothing ..........
Aug 22, 2014 12:07PM
another stupid article posted by MSN
Aug 22, 2014 1:58PM
Maybe Obozo will have the government buy up all those phones and give them out to the hood rats in Ferguson. He can tout them as free government Obamaphones...
Aug 22, 2014 10:08AM
why would anyone buy an iphone when anything with android attached to is far superior in performance?  are we still in the iphone fad like the facebook thing?  i don't get it
Aug 22, 2014 1:26PM
I am not a fan of Apple or it's products. They make a good product. I just don't see an urgent need for myself to have them. The phones do so much more than I need. I make and receive calls. Send or receive maybe 10 texts per month at the very most but usually 2-4 is normal. I actually do most of my communication by voice or in person. Seems as though there are a lot of people that walk around with their face down looking into an iPhone. I recently did upgrade from a GED phone to get a better and cheaper plan and to replace a terrible product made by Pantech. I still use the new phone the same old way. The phone is a Nokia 925. It isn't the latest and greatest but I don't have any urge to follow that crowd. The other thing I consider is the business of Apple itself. It's a high profit company, which I don't have a problem with, but of the tens of thousands of people it employs either directly or by contract over 95% are employed and based overseas. So are their financial operations which is for tax purposes. They just took advantage of loopholes and the fact the US has some of the highest corporate tax rates in the world. That's not their fault though. Thank the politicians and their attitude of looking for tax money to spend. Apple is very smart in keeping up the hype in their new products and they understand that as long as people have more money, or access to money, than sense they will always have the upper hand over the consumer. Plus, I am not a big fan of Wal-mart either. I am not an impulse buyer and rarely find their products to be so much cheaper than other stores that it makes it worth the drive to get one or two things.
Aug 22, 2014 6:27AM

OOOOOOOOOOOOOOOOOOOOH iPHONE...shiny..........must..............have..............must


Aug 22, 2014 1:46PM

Samsung Galaxy any model + Metro PCS & wifi = Unlimited Voice, text, data for $40 a month. No dropped calls on my end unless I'm talking to someone with t-moble.

****The REAL money HAHAHA.

Aug 24, 2014 11:28PM
What a load of crap. The phone is still $700.
Sep 3, 2014 1:52AM
Really ,I just don't get it.  The expensive phones they come out with today are nothing more than status symbols. You can get a great smart phone for less than 200 bucks and an unlimited service plan with a half dozen or so companies for 50 bucks a month or less. So many suckers out there
Aug 23, 2014 4:49PM

What is with these high tech garbage? Every jerk I ran into talked his or her phone all the time or lloked at it and didn't watch where they were going or driving . I have a so call iPhone now

because Verizon would charge me $150 for another flip phone when I was married to my wife. The flip phone cost so much because no one would buy them any more. I chose the IPhone because it would be free but I had to pay $50 more a month on a two year contract for internet service which I rarely used. I will see if I could turn off the service when the two year contract is up or get another good old fashion phone.

Aug 22, 2014 1:30PM
i'm on my 3rd I phone they not worth the money or the insurance to pay another 199.00 for 32 gig they get water damage even in a life proof case. the humidity will cause liquid damage not covered by  apple I'll never buy another or be given one not worth the trouble
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