“With a number of retailers and carriers beginning to drop prices on the iPhone as the introduction of Apple’s next-generation hardware approaches… a source has now revealed to MacRumors that Apple’s retail stores have been given authorization to match these discounted prices from approved major retailers and carriers,” Eric Slivka reports for MacRumors.

“In all cases, Apple will discount iPhone 4S and iPhone 4 models by $49.01 upon request to bring pricing down to $349.99/$249.99/$149.99 for the iPhone 4S and $49.99 for the iPhone 4,” Slivka reports.

Read more in the full article here.