Stores reduce iPhone 5 prices

CNN
Monday, September 2, 2013 - 5:43pm

iPhone discounts are typical this time of year, but Walmart's will be tough to beat.

The retail giant says it's slashing the price of the 16 gigabyte "iPhone 5" to 98 bucks with a two-year service contract.

The phone usually costs 200.

Walmart is also cutting 50 bucks off the price of its 10-inch iPads, putting them at a price tag of 349 to 449 dollars depending on the version.

Other retailers, including Radioshack and Best Buy, are also cutting prices to clear inventory ahead of Apple's expected unveiling of new versions of the iPhone and possibly the iPad.

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