[Tech] Iphone 4 Price Dropping In Several Stores

A number of reports are coming in that the iPhone 4 is going to see a price drop at a number of retailers tomorrow.

Phone Arena is reporting that Target will begin selling the iPhone 4 16GB tomorrow for $149.99 and the iPhone 4 32GB for $249.99. However, AT&T's 32GB version wont be cut in price at all. Also, Target will be running a trade-in promotion for 3GS owners giving them $100 off the cost of an iPhone 4 if they trade in their 3GS (which Target will be selling for $19.99). This effectively could cut the cost of a new iPhone 4 to $49.99.

Engadget is separately reporting that Radio Shack, everyones favorite place for hard to find banana wire crimpers, will be slashing the price of iPhone 4's to $169.99 (16GB) and $269.99 (32GB) and the 3GS to $19.99 (8GB).

New iPhones on the way soon anyone?