iLounge and Macworld have confirmed that Apple is now selling the iPhone 5 in its stores at a $100 discount. That means that the 16GB model is now available for $99 on contract, while the 32GB and 64GB flavors are priced at $199 and $299, respectively. Commitment-phobes can get in on the price cut fun too, as Apple is also offering the 16GB/32GB/64GB iPhone 5 models for $549/$649/$749 with no contract.
Apple announced yesterday that it will discontinue the iPhone 5 with the launch of the iPhone 5s and iPhone 5c, meaning that this sale is the last chance that consumers will have to snag a new iPhone 5 direct from Apple. This new iPhone 5 pricing matches that of the iPhone 5c (minus the 64GB model, which isn't available with the 5c), just like the two devices share a fairly similar spec sheet. The big differences is that the iPhone 5 is made of aluminum and comes in a black color option, while the iPhone 5c is made of polycarbonate and only sold in bright colors.
It may seem kind of silly to buy a discontinued device just before its predecessors are released, but if you think that you'd prefer the aluminum frame of the iPhone 5 over the plastic iPhone 5c, then this is a deal that's worth considering. The discount will be offered until the new iPhones officially go on sale on Sept. 20.