A new iPhone is not expected to be announced this week, but despite this, through the rest of June Walmart is offering the 16GB iPhone 4 for $147. That’s more than $50 off the usual $199 price, with a two-year contract. Great deal.

The price reduction began on Monday and applies to both the AT&T and Verizon versions of the iPhone 4. The $147 on-contract price is also available for both the black and white models, so you can get either one.

You have to buy a new two-year wireless and data agreement or qualified upgrade to obtain the pricing.

[appleinsider]