This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

There's Still Time to Get a Cheap iPhone and Contract Free

NEW YORK (TheStreet) - The next Apple (AAPL) iPhone is coming supposedly in September, and retailers are looking to get rid of their excess 5s and 5c devices.

Target (TGT) is running a deal this week through Saturday, May 10, offering customers who trade in a working smartphone up to $300 toward the purchase of a new iPhone 5s or 5c. And here's the kicker that Target is throwing in - customers are not required to sign up for a two-year contract in order to get the deal.

What does that mean? It means that you can purchase an unactivated device (Target sells the 5s for $699.99 and the 5c for $599.99) and use it with any carrier you please. Target of course would like you to activate the phone at a Target Mobile location (located inside stores). But it's not required. That means you can take the phone to T-Mobile (TMUS) and get one of its "uncarrier" plans.

Of course the value of the phone differs based on the model and condition, but I'm inclined to think that the only way Target is giving customers the full $300 is if their old 4 or 4s is "new," as in still-in-the-box new. Basically, don't expect to get anywhere near $300 for your phone. One tiny scratch on the phone (let alone normal wear and tear) devalues the phone significantly.

If you want to get on a contract, Target is selling the iPhone 5c 16 GB for just $29.99 (regularly $99.99) with a qualifying two-year plan from Verizon (VZ), AT&T (T)or Sprint (S). Also iPhone 5s 16 GB devices are going for $119.99 (regularly $199.99) plus a $20 Target gift card when customers sign up for a two-year contract.

Separately, 9to5Mac reported on Monday that Apple is looking to boost iPhone sales by emailing upgrade-eligible iPhone users with older models to get to a store to upgrade to a 5s or 5c. Apple will begin emailing customers on May 8. The event will be held in stores in multiple states. Apple is preparing for the influx of customers to its stores as if were on par with traffic levels when new products debut, the article says.

--Written by Laurie Kulikowski in New York.

>>Read More:

How the Consumer Wins in the Wireless Wars

Should You Buy a Carvel Franchise?

Why T-Mobile Is Beating AT&T and Verizon


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,085.54 -1.09 -0.01%
S&P 500 1,988.64 +1.63 0.08%
NASDAQ 4,469.2210 -4.4760 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs