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iPhone 4: Best Buy drops price to $50

iPhone prices are dropping as Target and RadioShack slash prices on two recent iPhone models. But Apple may be preparing to introduce the next generation of iPhone in October. 

By Salvador RodriguezLos Angeles Times (MCT) / May 20, 2012

The entrance to the Best Buy store is seen in New York in this March file photo. Best Buy has slashed the price of the Apple iPhone 4 in half. Radio Shack and Target are also dropping iPhone prices.

Shannon Stapleton/Reuters/File

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LOS ANGELES

Best Buy has dropped the price of the iPhone 4 in its store and online to $49.99.

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The discounted price is $50 less than the 4's regular retail price, and it comes the same week Best Buy discounted other Apple products, notably MacBook Pros.

The $49.99 is available with a two-year contract and comes with free shipping if its purchased online.

While the deal is nice, it isn't the only one going on with the iPhone 4 or even the iPhone 4S. Both Target and RadioShack slashed the price of the two most recent iPhones by $50 earlier this month, according to CNET.

With some complaints about the 4S's battery life as well as Siri's performance, a $50 iPhone 4 is not a shabby deal.

But before you buy this low-cost iPhone, keep in mind that the sixth generation iPhone may be just around the corner. Most rumors pinpoint the next iPhone _ which could be called "the new iPhone" or the "iPhone Jumbo" based off recent developments _ arriving in October.

Then again, if you want a really good deal, just pick up this refurbished iPhone 4 at Best Buy for $29.99.

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