iPhone 4 to $169.99, with a two-year contract, from $199.99. The 32GB version will likewise take a $30 plunge at the Shack, ringing in at $269.99, and the price of the 8GB 3GS will drop to $19.99. Phone Arena is likewise reporting on Target slicing up the old Apple price tag, but lists varying numbers based on carrier. If all this talk turns out to be true, those prices should be ripe for the picking starting tomorrow.
[Thanks to everyone who sent this in]