iPhone 4 Prices Slashed; iPhone 5 Launch Imminent?

While most of the rumors of the iPhone 5, the next version of the iPhone, have been wild guesses by ‘trusted unknown sources’, there is one thing which has been consistent in all the rumors. All of them seem to indicate that Apple will launch the iPhone 5 in September. A recent report also indicated that Apple had already ordered shipments of 15 million iPhone 5 units from its supply partners in anticipation of huge demand.

Usually, just a few weeks before the launch of a new iPhone is scheduled, Apple or its retail partners cut the prices of the current models to quickly sell out the existing stock.

Today, Engadget and PhoneArena have reported that both Radio Shack and Target will start offering price cuts on the iPhone 4 and the iPhone 3GS.

Radio Shack has cut down the price of the 16 GB iPhone 4 from $199.99 to $169.99, and the price of the 32 GB iPhone 4 from $299.99 to $269.99. The price of the 8 GB iPhone 3GS will now be dropped to just $19.99. These price cuts will be effective only on the AT&T iPhone models.

Similarly, Target has also announced a few price cuts which vary depending on the carrier. Both the AT&T and Verizon iPhone 4 16 GB devices will be going for $149.99. The iPhone 3GS will be sold for $19.99, while the Verizon 32 GB iPhone 4 will be priced at $249.99.

Obviously, if you plan to buy the new iPhone 5, these price cuts won’t matter at all.

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