Like clockwork, as Apple ramps up production on a new iPhone, retailers start clearing out inventory with lower prices. Nathanael Arnold:
Yet another major retailer has launched a sales promotion aimed at reducing its stock of older models of iPhones as Apple resellers anticipate an iPhone 5S debut this fall. Walmart is reducing the price of the iPhone 5 from $189 to $129. This is over 30 percent off the iPhone 5’s regular price.
That’s misleading. Buyers still need a two year contract with AT&T or Verizon to get the discounts, which apply only to the down payment.