LOS ANGELES – Best Buy has dropped the price of the iPhone 4 in its store and online to $49.99.

The discounted price is $50 less than the 4’s regular retail price, and it comes the same week Best Buy discounted other Apple products, notably MacBook Pros.

The $49.99 is available with a two-year contract and comes with free shipping if its purchased online.

While the deal is nice, it isn’t the only one going on with the iPhone 4 or even the iPhone 4S. Both Target and RadioShack slashed the price of the two most recent iPhones by $50 earlier this month, according to CNET.

With some complaints about the 4S’s battery life as well as Siri’s performance, a $50 iPhone 4 is not a shabby deal.

But before you buy this low-cost iPhone, keep in mind that the sixth generation iPhone may be just around the corner. Most rumors pinpoint the next iPhone – which could be called “the new iPhone” or the “iPhone Jumbo” based off recent developments – arriving in October.