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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. 

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

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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