Best Buy (NYSE:BBY) has cut iPhone prices amid Apple’s new model launch expectations.
Best Buy Cutting iPhone Prices Ahead Of Release
The electronics retailer Best Buy (NYSE:BBY) has joined other retailers in reducing the price of iPhone models amid rumors that Apple will launch the latest iPhone 5 soon.
It has been rumored that Apple will launch iPhone 5 in September.
Best Buy (NYSE:BBY) cut the price of 8GB iPhone 4S by $50 for both AT&T and Verizon carriers. Now the retailer sells the device for just $49.99 with a contract.
Best Buy (NYSE:BBY) stocks were at 19.48 at the end of the last day’s trading. There’s been a -0.4% change in the stock price over the past 3 months.