Verizon Could Offer $100 Off iPhone 5 Starting This Month

No matter how badly you need a new phone, if you're considering the iPhone 5 on Verizon Wireless, it may be in your best financial interest to wait just a little bit longer. In exchange for your patience, you might pocket $100, which is the amount Big Red is rumored to be reducing Apple's flagship phone device.

News of the impending price drop comes from Twitter user "evleaks" who it's worth mentioning is usually spot on about such things. If he's again correct, you won't have to wait very long, just about another week or so.

Verizon Wireless

"Upcoming Verizon promotion: $100 off iPhone 5 beginning mid-month," @evleaks posted to Twitter.

Unfortunately, there's no way to tell what will qualify for the $100 savings. It could be a straight up price drop, a trade-in promotion, or something else. Unless you're desperate for an iPhone 5 this very second, however, it's worth it to hang tight for another week until we know more, don't you think?