Target and RadioShack Clearing Stock With Lower iPhone 4 Prices

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Over the weekend, several reports arose suggesting that retailers Target and RadioShack would be dropping their pricing on the iPhone 4, potentially signaling that the stores are looking to pare down their stocks ahead of an expected update to the line. Ars Technica now confirms that the price drops have indeed taken place, with RadioShack offering a temporary $30 discount on both iPhone 4 capacities while Target is offering $50 off.

We verified Monday morning that Radio Shack has a current promotion running through Saturday, offering the iPhone 4 for $169.99 and $269.99 for the 16GB and 32GB models, respectively. Radio Shack is also offering up to $100 credit for the trade-in of a previous iPhone model, dropping the price to as low as $69 with contract.

We also spoke to contract phone sales representatives from Chicago-area Target stores, who confirmed that the iPhone 4 can be had for $149.99 or $249.99 for 16GB or 32GB models with a two-year contract.

Apple and its partner carriers in the U.S., AT&T and Verizon, continue to offer the iPhone 4 at its usual $199/$299 price points.

RadioShack has been known to offer discounts on the iPhone in the past, most notably knocking $50 off of all models for a week last December.

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