Target

If you've waited this long to buy an iPhone 4 or iPhone 3GS, it looks like patience will pay off at the end of this month. The leaked screenshot below shows internal documents indicating that third-party iPhone retailer Radio Shack is getting ready to slash prices on the iPhone starting today (July 31, 2011). To qualify for the new subsidized pricing customers must sign up for a two-year contract.

Both iPhone 4 models will drop $30 off the selling price, assuming the document sent to Engadget is authentic. This brings the price of the 16 GB iPhone 4 to $169.99 and the 32 GB model to $269.99. The 8 GB iPhone 3GS will also be reduced and is offered here for $19.99. We have already seen AT&T sell refurbished iPhone 3GS units for as low as one cent with a two-year contract.

US retailer Target is next in line to offer the iPhone 4 and iPhone 3GS in stores. The company will launch both Apple handset models in its Target Mobile section starting on November 7. Customers can get support from Target Mobile employees and activate their new device on the AT&T network in-store.

Target will initially offer the iPhone at 846 locations across the country, with most of the remaining 906 stores rolling out Target Mobile sections and iPhones at a later date. With the November 7 release date, the retailer plans to attract shoppers just in time for the holiday season.