Wal-Mart slashes the cost of iPhone 5C and 5S

Wal-Mart Stores has permanently reduced the cost of iPhone 5C and iPhone 5S effective today (June 27). This move comes in anticipation of an imminent launch of the iPhone 6 expected early this fall.

Wal-Mart told the media that the iPhone 5C 16GB will cost $29, down from $49, and the iPhone 5S 16GB will cost $99, down from $149. The new prices are available with a two-year contract on AT&T, Verizon, or Sprint. The updated prices are for in-store purchases only.

Other retailers such as Best Buy launched a trade in program in May for iPhone 5C and 5S that let users trade in old versions of their iPhones. The iPhone 5S went on sale for $100 and the 5C for $50.

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