Substrate
finance

Best Buy Cuts Unlocked iPhone Air Price by $150

Best Buy lowered the price of a new unlocked iPhone Air to $849.99. The reduction follows weaker-than-expected demand for the model since its September launch.

Forbes
1 source·May 23, 10:10 PM(5 days ago)·1m read
Best Buy Cuts Unlocked iPhone Air Price by $150Forbes
Audio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.

Best Buy has reduced the price of a new unlocked iPhone Air by $150, bringing the device to $849.99. The discount marks one of the lowest prices for the model since its $999 launch last September. The retailer previously offered a $200 discount on the same phone. Among current iPhone 17 models, only the iPhone Air is available at a meaningful discount from a third-party seller.

Shipments of the iPhone Air have remained low since launch.

Data showed single-digit percentage growth in China compared with the standard iPhone 17. The phone has also lost value quickly on the resale market. Within ten weeks of release, its average resale price had fallen 44.3 percent from the original retail price.

Some buyers have cited the single camera sensor, shorter battery life, and the original $999 price as reasons for dissatisfaction. Retailers have responded by cutting prices to move inventory.

A global memory chip shortage tied to demand from AI data centers has reduced the frequency of smartphone discounts in 2026. Comparable sales last May included larger reductions and additional promotions that are not present in this year's offers. Samsung increased its discount on the Galaxy S26 Ultra to $250 for the current holiday period and raised trade-in values for older models.

The pattern indicates that major public holidays remain key periods for price reductions even as manufacturing costs rise.

Key Facts

$150 price cut
Best Buy lowered unlocked iPhone Air to $849.99
44.3 percent depreciation
Average resale value drop within ten weeks of launch
Single camera and battery
Buyer complaints cited for weak demand

Story Timeline

3 events
  1. September 2025

    iPhone Air launched at a retail price of $999.

    1 sourceForbes
  2. Within ten weeks of launch

    Average resale value of the iPhone Air fell 44.3 percent.

    1 sourceForbes
  3. May 2026

    Best Buy reduced the price of a new unlocked iPhone Air to $849.99.

    1 sourceForbes

Potential Impact

  1. 01

    Third-party retailers may offer further discounts on the iPhone Air during future holiday periods.

  2. 02

    Apple may maintain direct full-price sales for other iPhone 17 models.

Transparency Panel

Sources cross-referenced1
Confidence score75%
Synthesized bySubstrate AI
Word count236 words
PublishedMay 23, 2026, 10:10 PM
Bias signals removed2 across 2 outlets
Signal Breakdown
Loaded 1Editorializing 1

Related Stories

SEC Chair Paul Atkins Says Congress Will Pass Crypto Legislationibtimes.com
finance27 min agoDeveloping

SEC Chair Paul Atkins Says Congress Will Pass Crypto Legislation

SEC Chair Paul Atkins stated he is confident Congress will pass crypto market structure legislation. He added that President Trump will sign the bill into law.

WA
BI
2 sources
Iran Says Strait of Hormuz Management Belongs to Iran and Omanasiaone.com
finance27 min agoDeveloping

Iran Says Strait of Hormuz Management Belongs to Iran and Oman

Iran's Foreign Ministry spokesperson stated that control of the Strait of Hormuz must be decided solely by Iran and Oman. The spokesperson also said no agreement has been reached with the United States and that current focus remains on ending the war.

DE
LI
ZE
IN
4 sources
Fed Official Highlights Regulatory Barriers to AI Productivity Gainscnbc.com
finance27 min agoDeveloping

Fed Official Highlights Regulatory Barriers to AI Productivity Gains

A Federal Reserve official stated that productivity growth remains key to economic expansion and that regulatory hurdles are the main obstacle to sustained gains from artificial intelligence.

FI
FI
2 sources