iPhone 5s price: Apple's latest iPhones may be almost half a year old, but that does not mean they are already outdated and outpaced. And now that new Android flagships have been announced, it's time for the iPhone 5s to get a price cut to lure in more customers.

According to a report by BGR, the iPhone 5s can now be bought for only $119 on a 2-year contract, and it is offered by Walmart. 

In a report by CNN Money, the cheap iPhone 5s can be obtained via a 2-year contract for either AT&T or Verizon for just $119, down from $145. 

Meanwhile, if you have been thinking of getting the plastic-clad iPhone 5c but were held back by the high price tag, it is now available for even less - only $29 on contract. 

In the same report, Best Buy offers the iPhone 5s for $149 on contract, $50 cheaper than its previous price, while the 5c is priced at just $49.99. 

Unfortunately, experts do not see this as an indication of an impending iPhone 6 launch. In the report, the decrease in pricing only means Apple does not want fresh devices to come anywhere near to what it has accomplish for the past months, making people buy an iPhone instead than a new Android flagship device. 

So, are you already thinking of getting the iPhone 5s or 5c? Or are you willing to wait for the promising 4.7-inch iPhone 6?