Apple Inc. (AAPL) is reportedly launching a new iPhone upgrade promotion next month

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Apple Inc. (NASDAQ:AAPL) is going to launch a major iPhone-related event in retail stores this week to increase sales, according to 9to5Mac. On May 8th, Apple will contact people that are eligible for an iPhone upgrade via e-mail.

If you are using an older model like the iPhone 4, iPhone 4s, or iPhone 5, then you will receive a promotional e-mail from Apple this week encouraging you to upgrade to an iPhone 5s or an iPhone 5c.

It is unknown if Apple will offer a discount or incentive for people that are upgrading. Apple is preparing retail stores for the same type of traffic that is seen in Apple stores following a major product launch.

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