JB Hi-Fi in Australia offers the cheapest iPhone 5C as rumors spread Apple is about to kill off the variant.

An iPhone 5C with 32 GB internal storage can now be bought from the store at only $399 until 2014 ends or supplies last.

According to reports, the lower-end Apple mobile handset has nosedived in price but is still not available online.

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The offer is only available exclusively in stores and that means it can't be purchased or reserved via the JB Hi-Fi website. There are three colors available: yellow, green and pink.

The yellow model is now sold out. The white model is reportedly at its $649 original price.

At the Apple website, the iPhone 5C with 8GB is still being sold at $529 while the 32 GB variant costs $799. The iPhone 5C with 32 GB comes with prepaid Telstra and customers should activate the prepaid SIM card using the phone upon purchase in store. The offer is limited to one per customer.

The iPhone 5C is set to be killed because of the success of the iPhone 6. Apple recently released new products and overhauls that could be the reason behind the company's $700 billion market cap.

It wasn't always a smooth ride for Apple with tough competition and road blocks along the way but the company still reached its all-time high stocks. Apple stocks peaked at $114 on Nov. 14 and before the seven-to-one stock split early in 2014, it could have reached $800.

Its $800 is ahead of the presplit $70 two years ago but it was just last week that Apple posted its highest market capitalization so far.

According to reports, Apple shares are up 54 percent for the past 12 months and since 2014 started, shares are up about 42 percent. The new iPhone release also helped boost its stock reaching a 16 percent increase. Apple shared the company's earnings report and shares went up by 11 percent.

TagsiPhone 6 Plus, JB Hi-Fi