Best Buy offering upto $200 for iPhone 4S trade-in for iPhone 5 purchase

UPDATE: Looks like Walmart is offering up to $250 for iPhone 4S trade-in

Get a minimum $200 Best Buy gift card when you trade in your working iPhone 4S or a minimum $100 Best Buy gift card when you trade in your working iPhone 4 and use it toward the purchase of your iPhone 5 with 2-year activation.
— Best Buy
Source: Bestbuy.com

Source: Bestbuy.com

Similar to offers we have seen from Best Buy in the past, it is offering another iPhone 4S/4 trade-in towards iPhone 5 purchase offer through till this Sunday. This time around it is $50 more than last time. Now you can get a minimum of $200 for iPhone 4S, compared to $150 previously, and use this towards a new iPhone 5 purchase. Bear in mind that this heavy promotion for iPhone 5 is due to the fact that Apple will be releasing a new iPhone model very soon. But even after the new iPhone is released, based on Apple's past history, iPhone 5 is expected to live on for $100 (with 2 year contract). So though you are buying an iPhone 5 just before a new iPhone release, it is still a good deal, as long as you don't want to own the latest iPhone.