Ahead of iPhone 6, Wal-Mart rolls back prices on iPhone 5s, 5c

Wal-Mart cuts prices of iPhone 5s to $79 and iPhone 5c to 97 cents with a two-year contract

Ahead of next month's expected iPhone 6 unveiling, Wal-Mart Stores Inc. is looking to clear its inventory of last year's iPhones by announcing drastic price cuts Wednesday night. 

The Arkansas retailer said it will sell the iPhone 5c for 97 cents and the 5s for $79, down from their regular prices of $99 and $199, respectively. The devices will be available on two-year contracts for Verizon Wireless, AT&T, Sprint and US Cellular. The lower prices take effect Thursday and will be available for 90 days, Wal-Mart said.

But Apple's next devices will probably go on sale in a few weeks. A report this month said the company will unveil the gadgets Sept. 9, and normally when it announces a new iPhone, Apple starts selling the devices that Friday or the following one. The iPhone 6 is expected to be thinner than before and feature a 4.7-inch screen.

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