Best Buy has dropped the price of Apple’s revolutionary iPhone 4 with 8GB Memory, in White or Black, to US$49.99 with a new two-year Verizon, AT&T, or Sprint contract.

Models: MD440LL/A SKU: 3815272,MD439LL/A SKU: 3815245
• Up to 7 hours talk time
• 3.5″ Retina color display
• 5.0-megapixel digital camera with rear-facing camera
• Wi-Fi video calling-capable
• Requires a voice plan and a data package
• Early termination fee of up to $350

More info here.

MacDailyNews Take: Clearing inventory for something? 😉

[Thanks to MacDailyNews Reader “Brian S.” for the heads up.]