The leak regarding Radioshacks intended price cuts.

Radioshack will slash iPhone 4 prices by $30, starting today

The leak regarding Radioshacks intended price cuts.

A new leak sent to Engadget suggests that Radio Shack intends to drop the initial price of both the 16GB and 32GB models of the AT&T iPhone 4’s today (31st July 2011) bringing them down to $169.99 and $269.99 respectively. They are also planning to drop the price of the iPhone 3GS 8GB to $19.99. These prices are if you are taking out either a new of upgraded 2 year contact.

If you are already in a 2 year contact with AT&T you will be able upgrade for $399.99 (16GB model) and $499.99 (32GB model). If you don’t want to be locked into a contract the two models will be priced at $749.99 and $849.99 respectively.

Another rumor is suggesting that Target will also be dropping the price of the iPhone 4 16GB model on both AT&T and Verizon to $149.99. Also an anonymous tipster claims that the 32GB iPhone 4 on Verizon will be dropped to $249.99 but the AT&T model will stay at the RRP of $299.99. Yet another tipster says Target is intending to launch a new promotion offering up to $100 off a iPhone 4 when you trade in an existing phone. However this leak wasn’t able to provide evidence of the promotion so the report is unverified.

In December Radio Shack cut the price of all iPhone handsets by $50 along side trade in incentives presumably in anticipation for the Verizon iPhone 4’s release. This sale was so popular that Radio Shack had a shortage of the phone.

Before you rush out and buy an iPhone 4 remember that with the iPhone 5’s release date suspected to be in September it might be worth the wait. Typically Apple will continue to sell last year’s iPhone at a discount of ~$100, which makes this deal seem paltry in comparison.

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