iPhone 5 Marked Down At Best Buy

The world is full of surprises, and today, we have one that falls under the realm of tech. We are referring to the Apple iPhone 5, which is a highly desirable smartphone regardless of which soil you live on, and it has already experienced a mark down in its price over at Best Buy. This is unprecedented, happening just three months into the iPhone 5’s life, with Best Buy shaving $50 off the market price. In the past, it took at least half a year for an Apple product to be on the shelves before Apple gives the nod for discounts. Take for instance, the mark down of the older iPad 2, iPhone 4 and iPhone 4S, although the new iPad and iPad mini were to remain untouched.

The Best Buy $50 mark down will be good through January 5 next year, and other retailers might see Best Buy’s example and follow. Apple analysts figured out this could be due to one of two things – the iPhone 5 isn’t selling according to Apple’s expectations, and there might be a possible iPhone 5S (upgraded, of course) in the pipeline that sports a longer battery life and NFC technology. Which do you think is the more likely scenario?

Edwin Kee
Categories: Apple, Cellphones
Tags: Apple Inc, Best Buy, iPhone 5