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iPhone 5s discounts are already here

The iPhone 5s was just announced last week, but talk of discounts is already in the air. Walmart will slash prices on the iPhone 5s as early as September 20.

By Jeff SomogyiContributor / September 17, 2013

Phil Schiller, Apple's senior vice president of worldwide product marketing, speaks on stage during the introduction of the new iPhone 5s in Cupertino, Calif., last week.

Marcio Jose Sanchez/AP/File

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Apple just announced its newest flagship device, the iPhone 5s, on September 10 and we've already caught wind of a discount! On September 12 — a mere two days after the phone was unveiled — Walmart announced that it will slash the price of the 16GB iPhone 5s to $189 once it's available on September 20*. While you'll have to go into an actual retail store to get this price, that's still a $10 savings and a promising start. In fact, if history repeats itself, it may foretell fairly substantial iPhone 5s discounts in the coming months.

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Update: As is sometimes the case, a deal has come along that surprised even us; Sprint announced yesterday that it will knock the 16GB iPhone 5s to an astonishingly low $99.99. That is, obviously, the lowest price we've seen and by far the best deal you can expect at this point in time. However, this offer is only for new customers who port their number from another carrier. Our predictions below still apply to customers who are looking to extend their contract with a current carrier.

The iPhone 5s Could Drop to $126 in December

Last year around this time, Walmart pulled a similar stunt two days after the iPhone 5 was announced, dropping the device to $189.97 with in-store pickup. Since Walmart has offered almost exactly the same deal this year, it seems reasonable to expect the iPhone 5s to have a similar discount schedule to that of the iPhone 5.

Being on a similar schedule is both good and bad. It's good because the iPhone 5 was the most discounted iPhone we'd ever seen — racking up seven deals in the first four months of its existence. Up to that point, such deep and numerous discounts on the iPhone were unheard of. Compared to the previous year's hot model, the iPhone 4S (which saw only two deals in the same time frame), the iPhone 5 was discounted 350% more! Being on the same discount schedule is bad, however, because it means that we might not see another contract-extension deal until December.

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