Report: Best Buy plans major iPhone promo

Richfield, Minn. – Best Buy is reportedly planning a major promotion to boost sales of the iPhone 5c and 5s the week of Oct. 13. According to TechnoBuffalo, an internal corporate memo indicates that consumers who trade in select smartphones that week will receive a $100 credit that can be used to cover the down payment on a new iPhone 5c or 5s.

Traded in phones must be undamaged and working properly. In addition, customers must sign up for a two-year plan to use the iPhone credit. Not all stores are participating and the promotion does not apply to Puerto Rico.

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