Walmart Slashes iPhone 5C Price to 97 Cents

Walmart has drastically cut the prices of the iPhone 5C and 5S, suggesting an upcoming debut of the iPhone 6 (which, granted, Apple hasn't even announced yet).

The iPhone 5S (16GB) has been reduced from $99 to $79, and the iPhone 5C (16GB, in any color) has been reduced from $29 to just 97 cents. The new prices are available with the purchase a two-year contract from AT&T, U.S. Cellular, Sprint or Verizon; the offer is good only in stores, not on online orders.

Stores tend to slash the prices of their existing iPhone stock before a new model is released; this price drop adds credibility to rumors that the new iPhone 6 will launch Sept. 9.

Still, sales on Apple products are rare, in part because the company limits how its retail partners can price its products. Walmart is one of the only retailers that can get away with selling Apple products below Apple's manufacturer suggested retail price (MSRP).

Public excitement about the iPhone 6 has reached fever pitch. The new smartphone is rumored to have a reversible USB lightning cable as well as a larger screen.