Walmart rolls out cheaper iPhone prices

Walmart, downtown Honolulu

Walmart is cutting iPhone prices.

It was announced Friday that, with either a new or renewed two-year contract, a 16-gigabyte iPhone 5s now costs $99, down from $149.

The 16-gigabyte iPhone 5c sells for $29, down from $49.

The deal is only for purchases made in person at Walmart stores, not online.

The price slash is fueling speculation that Apple is preparing to release a new phone in the fall, rumored to have a larger screen size.

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