A couple weeks after dropping the price of the iPhone 4S to $149, Sprint has further slashed the price to $49 after a mail-in rebate for a $100 American Express gift card. Apple will price-match Sprint's offer, giving buyers in retail stores a $100 Apple Store gift card. All these purchases require agreeing to a new two-year contract.
This may be the lowest price for the iPhone 4S yet in the U.S., less than a month ahead of the rumored launch of the next iPhone. Sprint is being particularly aggressive moving the soon-to-be out-of-date iPhones -- perhaps because Sprint has "bet the company" on the iPhone, agreeing to pre-purchase agreements for millions of iPhones.