iPhone 5 Cut to $150, iPhone 4S Down to $50 at Best Buy
9to5 Mac

Best Buy is offering a $50 discount on the iPhone 5 and 4S. Best Buy's Web site says the price drop covers the 16GB, 32GB and 64GB models from major carriers Verizon Wireless, AT&T and Sprint. The deal ends January 5th and there is a limit of two devices per person.

What Else You Need To Know

  • The one-year-old iPhone 4S, which was cut to just $99.99 following the release of the newest iPhone, is now available at Best Buy for only $49.99 on a two-year contract.
  • Best Buy's latest offer cuts the already subsidized pricing of the iPhone 5 to $149.99 (16GB version), $249.99 (32GB), and ($349.99).
  • The iPhone 5 features a high-resolution, 4-inch screen, LTE support, and an A6 processor that offers twice the performance, and is 20% lighter than its predece

Other sources

With the holiday shopping season in full force now, Best Buy is doing all it can to keep up with Amazon, which, for many consumers, has become the go-to destination for electronics shopping. - Ricardo Bilton, Venture Beat  
We’ve seen a few deals on the iPhone 5 over the past few weeks. RadioShack is taking $20 off the handset, and if you don’t mind refurbished models, AT&T is taking $100 off. But for new-in-box iPhone 5s, this is easily the best discount we’ve come across. - Cody Lee, iPhone Download Blog  
9to5 Mac
Best Buy taking $50 off iPhone 5, 16GB models starting at just $150  

Our inside man over at Best Buy has advised us that the gift card offer cannot be stacked with this discount.

Phone Arena
Best Buy teams with Santa, offers $50 discount on all iPhone 5 versions
iPhone Download Blog
Best Buy now taking $50 off all iPhone 5 models  

We’ve seen a few deals on the iPhone 5 over the past few weeks. RadioShack is taking $20 off the handset, and if you don’t mind refurbished models, AT&T is taking $100 off. But for new-in-box iPhone 5s, this is easily the best discount we’ve come across.

BGR
iPhone 5 now just $149.99 at Best Buy, iPhone 4S starts at $49.99
Business Insider SAI
All iPhones Are $50 Off At Best Buy (AAPL, BBY)
Techland
Amazon Knocks $50 off 8.9-inch Kindle Fire HD Tablets, Best Buy Knocks $50 off iPhone 5 and 4S
Venture Beat
The iPhone 5 is now $50 cheaper at Best Buy  

With the holiday shopping season in full force now, Best Buy is doing all it can to keep up with Amazon, which, for many consumers, has become the go-to destination for electronics shopping.

Everything iCafe
Best Buy Knocks $50 Off iPhone 5 and iPhone 4S Prices  

For some reason, it appears that AT&T versions can’t be shipped, but you can always swing by in-store, and try to pick one up that way.

Phones Review
Best Buy discounts latest iOS smartphone
GottaBeMobile
Every iPhone is $50 off at Best Buy, Even the iPhone 5  

Last week Best Buy offered a $25 gift card with the purchase of every iPhone 5. This deal replaces that one, but those who bought the iPhone 5 at Best Buy last week may have a chance to get refunded the difference between what they paid and this deal.

 
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