Wal-Mart announce that it has reduced the price of 16 GB iPhone 5 to $98, which sold at $129 till now. To get the discount, customers will need to sign a new two-year contract with AT&T, Verizon or Sprint.
Wal-Mart also cut $50 off the price of its 10-inch iPads. The latest iPad with Retina Display now costs $449 and the price of the iPad 2 is $349. The $330 iPad mini did not get a discount.
The price cuts come as Apple is widely expected to be unveiling a new iPhone and possibly a new iPad on September 10. Retailers often slash prices to clear out inventory ahead of a new product launch.
The retailer also cut the price of the iPhone 4S to $39, down from $89. Most iPhone 4S smartphones sell for $100 with a new contract.