The Apple iPhone 4 generally stays around the $199 give-or-take a few extra bucks but if the leaked screenshot here is to be believed, Verizon plans to chop off $50 for an upcoming promotion.
Unfortunately this page cannot be visited from some link so the credibility is in question but at the moment it looks to be real and it is likely that this sale may be coming soon.
In the past when AT&T dropped the iPhone 3GS to $49, Apple quickly followed by matching the price and to this day, it remains $49. It looks as though this Verizon promotion though is temporary although many wouldn’t object to a cheaper iPhone.
We’ll keep you up to date on any developments.