AT&T has launched a new promotion across its smartphone lineup that offers customers a 50 percent discount on the upfront price of a new device with a two year contract.

This includes the iPhone 5 and the iPhone 4S, which means they are available for $99.99 and $49.99 respectively.

The discount is only applicable on purchases made through AT&T’s online store, and includes free shipping and activation. (The discount will be applied automatically in cart.) The promotion is valid only on smartphones that cost between $0.99 to $199 so you won’t be able to get a 50 percent off on models with a storage capacity higher than 16GB.

Walmart and Best Buy, too, are offering a discount on the iPhone 5, though it’s only $60, $50 respectively as compared to AT&T’s $100. We expect more carriers and retailers to offer discounts to clear inventory before the release of the next iPhone.

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