Apple iPhone 6S that was announced in September this year is now available with a new on-contract price of $1 at Best Buy. The new promotional offer has been launched to attract new customers during the holidays.

On Best Buy, the 16 GB iPhone 6S is now listed with an on-contract price tag of $1. It requires users to sign up a two-year deal with Verizon Wireless or Sprint. The usual on-contract price of the iPhone 6S is $199. It means that the retailer giant is offering a massive discount of $198 on the 16 GB iPhone 6S smartphone.

The Apple iPhone 6S is available in all four color variants like rose gold, space gray, gold and silver through both the carriers. The deal is available both online and retail outlets of Best Buy.

Users can also avail a gift card worth $200 buy trading an iPhone 5 or newer smartphone to purchase the iPhone 6S. Best Buy is not offering any discount on the 64 GB and 128 GB variants of the iPhone 6S.

The Apple iPhone 6 with 16 GB storage is also available with an on-contract price of $1. However, Sprint is selling the space gray color edition whereas Verizon is selling space gray and silver color editions. According to CNET, a spokeswoman from Best Buy has revealed that the offer will end on Sunday.

In the third quarter this year, Apple sold 48 million iPhones. It means that the company managed to achieve 22 percent more sales compared to iPhone sales in the same quarter in 2014.

Apple is expected to be one of the bestselling smartphones this vacation season. During the last quarter of 2014, the Cupertino company sold 74.5 million iPhones. However, Tim Cook, the CEO of Apple, Inc. is expected to break last year’s record during this holiday season sales, CNN reported.