Best Buy Drops iPhone 4 Price to $49.99

Best Buy has just dropped the price on the iPhone 4 8GB model to just $49.99 with a 2 year contract. That includes both Verizon and AT&T iPhones. Could this be an indicator that an iPhone 5 is on the way? Does Best Buy know something that we don’t? It certainly seems like that might be the case, especially with all those iPhone 5 rumors going around. The rumors of a September launch date are certainly looking more and more probable.

One thing is for sure, between this price drop and all of new prepaid iPhone plans that have recently come out from the likes of Cricket and Virgin Mobile, there has never been a better time to buy an iPhone in the U.S.. Americans finally have a choice not to be locked into a contract when buying an iPhone, and they can even use the wireless carrier of their choice. Well, that is unless you’re a T-Mobile customer…