Best Buy cuts price of iPhone 4 to $49.99

The retailer joins Target and RadioShack in offering a $50 discount on the 2010 model of Apple's flagship phone.

Screenshot by Lance Whitney/CNET

Those of you in the market for an iPhone 4 can now pick one up at Best Buy for just $49.99.

The iPhone 4 is half off the usual retail price of $99.99 and requires a two-year contract with Verizon Wireless, AT&T, or Sprint. Potential buyers have a color choice of black or white.

The deal seems to be an in-store only promotion as the Best Buy Web site shows that none of the models is available for shipping. Stock may also be limited -- an online search of various stores around the country revealed the phone as unavailable at a fair number of them.

Best Buy is the latest retailer to shave $50 off the cost of the iPhone 4. Target and RadioShack recently kicked off sales on both the iPhone 4 and the iPhone 4S. Those deals also include the standard two-year contract with a choice of any of the three U.S. carriers.

The timing of all these iPhone 4 and 4S sales is intriguing. Are retailers simply trying to boost sales or are they looking to clear out inventory?

Recent reports have suggested that Apple's next-generation iPhone won't launch until October, the same month as the iPhone 4S debuted last year. But the iPhone 4 and 3GS both popped up in June of their respective years.

About the author

Journalist, software trainer, and Web developer Lance Whitney writes columns and reviews for CNET, Computer Shopper, Microsoft TechNet, and other technology sites. His first book, "Windows 8 Five Minutes at a Time," was published by Wiley & Sons in November 2012.


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