Ina Fried

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More iPhone Price Cuts Ahead of New Model’s Launch

Various models of Apple’s iPhone continue to see sporadic discounts at retailers, ahead of what is expected to be the announcement of a new model next month.

Target is offering the Verizon and AT&T flavors of the iPhone 4S for $179, while Best Buy has shaved $50 off the eight gigabyte iPhone 4, selling that model for just $49.

Those price drops join a promotion from Sprint, which is currently selling the iPhone 4S for $149, $50 less than its usual price.

Apple stores are also quietly matching prices from these and other retailers, according to a Wall Street Journal story.

Apple is expected to announce a new fall product lineup, including the next iPhone, at an event the week of Sept. 9.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work