How Will A Cheaper iPhone 5C Affect Pricing for Older iPhones?

As rumors heat up that Apple will likely introduce not one, but two new iPhones in September, consumers wonder what it means for the company’s traditional product discounting conventions.

While Apple has generally kept tight-lipped about the launch of its new iPhones, there are a few things that most Apple fans have been able to count on each year. One is that the company will introduce one new smartphone a year. And the second is that last year’s model will sell at a $100 discount and its 2-year-old version will be $200 less expensive than the new one — or it will be free with a two-year carrier contract.

But with the rumor that Apple will be introducing a high-end flagship iPhone, called the iPhone 5S, along with a lower-cost option called the iPhone 5C, consumers aren’t sure what to expect. Apple as usual has been mum. In this edition of Ask Maggie, I offer some advice to a wireless consumer wondering if he should buy the iPhone 4S now or wait. I also answer another reader’s question about buying insurance for her son’s new iPhone.

Source: Cnet