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Target slashing price of iPhone 4S by $50

The retailer is discounting the cost of the iPhone 4S and iPhone 4 at its stores, following an earlier price promotion in March.

Apple's iPhone 4S
Apple's iPhone 4S

Consumers looking for a good price on the iPhone 4S or 4 could find one waiting at their local Target store.

As of today, the retailer is running yet another sale on Apple's flagship phones, this time cutting the cost by $50. The 16GB iPhone 4S can be had for $149.99, while the iPhone 4 is selling for $49.99, both with the standard two-year contract.

This is an in-store promotion only. The Target Web site lists the 16GB iPhone 4S at its usual price of $199.99.

A Target representative, and Target Mobile salespeople at two different stores, confirmed the promotion and the sales prices for the iPhones through Verizon Wireless and AT&T.

The Target representative said the promotion will last until June 30, correcting the two salespeople, who thought it was ending this week.

Target last cooked up a deal on the iPhone in March, reducing the cost of the 16GB and 32GB iPhone 4S, as well as the 8GB iPhone 4, by $25. That offer was good until March 31.

Updated at 11 a.m. PT with confirmation of the sales promotion from two Target Mobile salespersons and at 3:30 p.m. PT with confirmation from Target and the correct end date of the promotion.