With the launch of Apple’s new smartphones believed to be less than a month away it won’t surprise anyone to see major retailers get rid of their stock. Over the coming weeks it’s possible that a number of other retailers may launch promotions to move their stocks of existing iPhone models. Walmart is the first one to go ahead with this strategy, starting today at the retailer is reducing iPhone 5c prices to just 97 cents. Previously the retailer was selling at $29.

Walmart has also reduced the price of the iPhone 5S as well, it is now down to $79 as opposed to the previous price of $99. It should be kept in mind though that these prices are for new carrier-locked units only.

Apart from paying a fraction of the original cost for these iPhones, customers will also have to sign a new two year service agreement with AT&T, Verizon, Sprint or U.S. Cellular. Relevant taxes will be applied as well, the reduced prices are applicable on all colors of both iPhone 5S and the iPhone 5c.

When retailers start reducing prices to move their inventory it is usually taken as an indicator that new iPhones are coming soon. Almost all rumors that we have heard over the past month claim that Apple has chosen September 9th as the date it formally unveils two new iPhone 6 models. It merits mentioning here that there has been no confirmation from Cupertino on this as yet.

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