iPhone 5 Price Drop to $98 at Walmart, $149.99 at Best Buy

Sep 07, 2013 04:15 PM EDT

Walmart has reduced the price of iPhone 5 ahead of the press event held by Apple at its campus in Cupertino, Calif. on Sept 10. It is expected that Apple will unveil their new iPhone 5S, an update to iPhone 5; and iPhone 5C, a lower cost phone. 

Walmart cuts the price of iPhone 5 to $98 when consumer upgrade or signs a 2 years contract with either mobile carriers Verizon, AT&T or Sprint. 

On the other hand, Best Buy also reduced the iPhone 5's price to $149.99 with a 2 years contract. Free trade in for iPhone 5 is also available for a working iPhone 4S in good condition.