iPhone 4 now free on contract, iPhone 4S is $99

As expected with the announcement of the iPhone 5, Apple has lowered the in-contract prices of the iPhone 4S to $99, and the iPhone 4 will now be free.

As with the iPhone 3GS last year, expect these discounted phones to be the low-end models — 8 GB for the iPhone 4 and 16 GB for the iPhone 4S. We’ll update this post once the exact specs are released.

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