Walmart iPhone price slash fueling speculation

(CNN) — Walmart is cutting iPhone prices.

With a two-year contract, a 16-gigabyte iPhone 5s will cost $99, down from $149.

The 16-gigabyte iPhone 5c will be $29, down from $49.

The deal is only for purchases made at Walmart stores, not online.

The price slash is fueling speculation that Apple is preparing to release a new phone.

However, Walmart says it’s just aiming to offer customers great prices.

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