RadioShack Clears Out IPhone 4, Gears Up for IPhone 5

RadioShack, which discounted the iPhone 4 last week, is reportedly slashing prices further to $170, in the latest sign retailers are clearing inventory to prepare for the iPhone 5 in the coming months.

The Fort Worth, Texas-based retailer will cut $30 off all versions of the iPhone 4, ranging from $170 for the 16-gigabyte model to $200 for the top-end 32-gigabyte device.

In addition, customers who trade-in an existing iPhone 3G or 3GS can get as much as $150 towards a new iPhone 4 purchase, bringing down the price of a new iPhone 4 to as low as $20.

RadioShack's deal will last through August 20. The retailer, along with Target, had announced a price cut just last week. - Mobiledia