Best Buy cuts price of iPhone 4 to $49.99

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 new price is half off the usual $ 99.99 retail amount 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 are 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.

Best Buy is the latest retailer to shave $ 50 off the cost of the iPhone 4. Target and … [Read more]

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