Apple iPhone 4S Selling for Amazingly-Low $50 at Sprint

Sprint has once again dropped the price of the iPhone 4S, offering the 16GB version of the device for just $50. Of course, customers will still have to pay $150 in-store and wait 8-10 weeks for a rewards card, but this is still the best deal on the market for Apple's current smartphone.

The nation's third-largest carrier is bundling a free $100 American Express Rewards Card with the purchase of the 16GB iPhone 4S, which sells for $150 with a two-year agreement (including free activation and shipping).

This deal comes a week after Sprint slashed $50 off all iPhone 4S models, marking the 16GB, 32GB and 64GB versions down to $150, $250 and $350, respectively.

iPhone Bargains Abound

While Sprint began the iPhone discount trend, Best Buy and Target have also hopped on the sale bandwagon, each offering their own price cuts. AT&T, Sprint and Verizon customers can get the iPhone 4S base model for $150 at Target or scoop up an 8GB iPhone 4 for $50 at Best Buy.

Apple is also quietly playing along, offering an in-store price match program where customers must quote where they have seen a mark down in order to get the discount. The store will now give a $100 Apple Store gift card to honor Sprint's latest deal.

Waiting in the Wings...

Despite a lack of an official confirmation from CEO Tim Cook, the next-generation iPhone will likely debut on Sept. 12, with shipments said to begin on the 21st. The recent discounting of current iPhone models is mounting evidence that carriers are making room for the highly-speculated iPhone 5.

Rumored to sport a larger display, a smaller dock connector and 4G LTE, the sixth-generation Apple smartphone has been churning the rumor mill for months. With less than a month until the reported iPhone 5 unveiling, we will find out soon enough if all the whispers have been true.