Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Retail Stores to Offer iPhone Discounts

With the impending release of iPhone 5 by Apple Inc. (NASDAQ:AAPL), several wireless carriers and retail stores that offer older version of the iPhone are cutting prices to clear inventory and shelf space for the latest and greatest iPhone. It turns out, Apple is apparently showing a willingness to do the same in its proprietary retail stores.

Apple Inc. (NASDAQ:AAPL)Word is that Apple Inc. (NASDAQ:AAPL) is telling its sales associates in Apple Stores to offer discounts on iPhone 4 and 4S models of up to $49 when customers mention lower prices at other retailers and wireless carriers like Target Corporation (NYSE:TGT), Best Buy Co., Inc. (NYSE:BBY) and Sprint Nextel Corporation (NYSE:S), according to sources familiar with the directive. However, the company did not tell its associates why it’s offering the discounts, and the company is not advertising the discounts or any discounted prices.

This move is rather unusual for Apple Inc. (NASDAQ:AAPL) in that it has not historically offered discounted prices prior to a new version of a device being introduced to the market – other than its traditional education or corporate discounts. Apple may be looking to open up its inventory while also move some phones prior to the release of iPhone 5. For just the second time in 39 quarters, Apple missed analyst’s expectations in its most recent quarterly earnings report, and the miss was blamed on slow iPhone sales in anticipation of the new iPhone and pending iPad “mini.”

With Apple Stores likely also needing to move some inventory – and with iPhone sales lagging as they are, why not? – just like their retail partners like Target Corporation (NYSE:TGT), Best Buy Co., Inc. (NYSE:BBY) and Sprint Nextel Corporation (NYSE:S), this might be a good time for those who have been on the sidelines, to at least get into the smartphone culture and give the iPhone a test drive before the new version comes out. In the meantime, Apple Inc. (NASDAQ:AAPL) likely understands that it might need to move more inventory before the i5 launch to ensure the company doesn’t have a second straight quarterly miss.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!