This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
It didn’t take long for the price of the new Apple Inc. (NASDAQ: AAPL) iPhone SE to drop from $400 to $300. Wal-Mart Stores Inc. (NYSE: WMT) will sell the new phones for that lower price from now until the end of June. In fact, every iPhone model will be available at Wal-Mart stores for $100 off the regular price.
Wal-Mart also will sell all Samsung phones, including the S7, at a discount of $150 for the same period. And again the offer is good only in the company’s stores, not online, and not every store will have all models from both companies.
According to a report at CNN Money, the offer is good with AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ) and Sprint Corp. (NYSE: S). T-Mobile US Inc. (NYSE: TMUS) is not included in the deal. Customers will have to pay the full price for the phone and the discount will show up on their wireless phone bills.
Wal-Mart is not selling the iPhone SE online at all currently. A pre-paid iPhone 6 with 16 gigabyte (GB) of memory sells for $549 online and a prepaid iPhone 6S Plus with 16 GB of memory sells for $749 online.
The new Samsung Galaxy S7 is also available only in stores. The Galaxy S6 Edge with 32 GB of memory is available online for $699, a discount of $50. Samsung’s list price for the S7 Edge is $780, and the S7’s list price is $670. With the discount, the S7’s price drops to $520 and the S7 Edge will go for $630.
Probably only Apple and Samsung are going to make any profit on this deal. And customers in the market for the latest and greatest smartphones.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.