Older iPhones get price cut but lose some bling

Apple is dropping the price of the iPhone 6 and 6 Plus by $100 as newer models appear.
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Apple lowered the price of the iPhone 6 and 6 Plus by $100 on Wednesday as the tech giant unveiled updated versions of the two smartphones. But you can’t get those older models in gold anymore.

With a two-year contract, the iPhone 6 will now start at $99 for the 16GB version and the iPhone 6 Plus will start at $199, Apple Senior Vice President of Marketing Phil Schiller said at the company’s big product-launch event in San Francisco. The phones used to start at $199 and $299, respectively.

Meanwhile, the 16GB iPhone 5S, the least expensive model in Apple’s current line of iPhones, has become an entry-level device of sorts and will be available for free with a two-year contract.

None of the older models comes in gold anymore, though (or in the new color: rose gold). And none comes in a 128GB version.

Apple CEO Tim Cook called the original iPhone 6 and 6 Plus the most “popular and loved phones in the world” as he introduced their new siblings: the iPhone 6S and 6S Plus . With a two-year contract, the 16GB versions of the 6S and 6S Plus cost $199 and $299, the original prices of the older models. The 64GB versions cost $100 more, and the 128GB versions cost $100 more than that.

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In the UK, the 16GB versions of the iPhone 6S and 6S Plus cost £540 and £620 with a contract. In Australia, the 16GB versions of the iPhone 6S and 6S Plus cost AU$1,079 and AU$1,229 at full price.

The older iPhone models follow a similar pricing structure, with the 64GB version of the 6 and 6 Plus running $199 and $299, respectively, on contract. The 32GB version of the iPhone 5S, which doesn’t come in a 64GB model, runs from $49, with the two-year agreement.

Schiller said most customers aren’t buying contracts anymore and he announced monthly installment plans. The iPhone 5S will begin at $19 a month, off contract; the 6 will start at $23 per month; and the 6 Plus will start at $27. The iPhone 6S will also be $27 per month and the iPhone 6S Plus will start at $31 a month.

The iPhone has made up more than two-thirds of Apple’s sales in the past several quarters since the company released the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus a year ago.

Check out CNET’s complete coverage of today’s Apple news.

Update, 3:02 p.m. PT: Adds information on no-longer-available options.Update, 3:43 p.m. PT: Adds information on pricing for higher-capacity phones.

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