iphone5 markdownThe world is full of surprises, and today, we have one that falls under the realm of tech. We are referring to the Apple iPhone 5, which is a highly desirable smartphone regardless of which soil you live on, and it has already experienced a mark down in its price over at Best Buy. This is unprecedented, happening just three months into the iPhone 5’s life, with Best Buy shaving $50 off the market price. In the past, it took at least half a year for an Apple product to be on the shelves before Apple gives the nod for discounts. Take for instance, the mark down of the older iPad 2, iPhone 4 and iPhone 4S, although the new iPad and iPad mini were to remain untouched.

The Best Buy $50 mark down will be good through January 5 next year, and other retailers might see Best Buy’s example and follow. Apple analysts figured out this could be due to one of two things – the iPhone 5 isn’t selling according to Apple’s expectations, and there might be a possible iPhone 5S (upgraded, of course) in the pipeline that sports a longer battery life and NFC technology. Which do you think is the more likely scenario?

Filed in Apple >Cellphones. Read more about Apple Inc, best buy and iPhone 5.

Key SpecsiPhone 5
StatusReleased
Resolution1136x640
Size (Diagonal, Inches)4"
Processor NameA6
2-core
1.3 GHz
Max. Total Storage Capacity64 GB
Megapixels8 MP
Battery Capacity (mAh)1440 mAh
Street Price$549
Complete product dataApple iPhone 5 Full specs
User Comments