Sprint has lowered the cost of the iPhone 4S significantly in anticipation of the release of the iPhone 5. They have dropped the price to $149.99, which gives a discount of $50 instantly.
Sprint iPhone 4S price drops in anticipation for iPhone 5
Of course it makes sense to lower the cost of the iPhone 4S when a newer model is coming out. However, iDB are saying that a Sprint retailer told them the price will remain dropped until 14th September; rumor has it the iPhone 5 will be released 12th September. This could mean that Sprint will be able to get rid of their current level of stock of the iPhone 4S.
September 12th is only the rumored date for the phones release but no doubt, Sprint, Verizon and AT&T will all want to get rid of any stock they have. One has to wonder if Sprint knows something about the release date of the iPhone 5 though that we don’t with their significant price drop. On the other hand they could be playing on the cautious side and just want to sell what they have in their stocks before the announcement of the release.
Do you plan on upgrading to the iPhone 5 or are you waiting for the current iPhone models prices to dip some more? Do tell us.