There are two cast-iron signs that a new iPhone is on way. One is a ramping up in the number of leaks from Apple's supply chain. The other is price cuts for existing iPhones.
So it augurs well that over the weekend one of the largest retail chains in the US significantly reduced the asking price for the iPhone 5, presumably in a bid to clear stocks and make room for a new model on its shelves.
Walmart, which owns our very own Asda, has cut the lowest upfront charge for the iPhone 5 on a contract to $!29. Previously, it was $189.
And the discounting didn't stop there. Apple's previous-generation kit, the iPhone 4S, has also had a price reduction on contracts, trimming the cheapest upfront fee on contracts from $89 to $39.
The repricing of the smartphones comes amid speculation that Apple will once again drop a new iPhone in September, which may or not be accompanied by a lower-cost model aimed at developing markets.
Recent leaks indicate that the full-price next-gen iPhone will adhere quite closely to the iPhone 5's design, but will feature a fingerprint scanner for improved security and a 12-megapixel camera.
The cheaper iPhone is expected to feature a cost-effective plastic construction and recycle parts from older models.
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