The U.S. is bracing for significant cuts in the price of Apple iPhone and Apple iPad.
The price cut is ahead of the forthcoming launch new iPhone in the U.S. mobile market. The launch of budget iPhone and new iPad is expected on September 10.
Retail giant Wal-Mart has slashed the price of the 16 gigabyte iPhone 5 to $98. Wal-Mart had previously offered it for $129 — still far cheaper than the usual $200 price tag of the iPhone 5. 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.
Indian mobile users are expecting a price cut in Apple phones at a time when rivals are increasing their smartphone prices in the wake of rupee depreciation to dollar.
The price of Apple iPhone 4 8GB unlocked mobile phone is Rs 26,500 at Croma online retail stores across the country.
Apple iPhone 4S 16 GB unlocked mobile phone is available at a price of Rs 38,500.
Apple iPhone 5 16 GB unlocked mobile phone featuring iOS 6 and 1.2 GHz Dual-core processor is priced at Rs 45,500.
Apple iPhone 4 16 GB is priced at Rs 38,500.
The price of Apple iPad 2 16GB with Wi-Fi + 3G features is Rs 32,900.
Apple iPad 2 16GB with Wi-Fi will cost around Rs 24,500.
The 16GB version of Apple MD513HN/A iPad Retina with Wi-Fi is priced at Rs 31,900, while the 32GB version costs around Rs 37,900.