A German telecommunications company announced that it was cutting the prices of its Apple iPhones bringing the cost down to $156 from a minimum of $629.
The price cut, announced by Deutsche Telekom AG, was intended to drive up exclusive German carrier T-Mobile's sales numbers of the Apple iPhone in the German market.
The offer is set to be available from April 7 to June 30, said CNN, and will be open to customers who subscribe to an "XL" service contract that costs at least $140 per month.
The telecom company also introduced a starter offer of $45 a month, and will come with a $393 iPhone.
Deutsche Telekom AG, according to the Wall Street Journal, is one of selected telecom operators authorized by Apple to several countries. Only one carrier per country was given permission to sell the handset, coupled by a service contract.