iPhone 5 Imminent: Verizon’s iPhone 4 $120

The news is a little confusing presently in relation to Apple’s new iPhone 5. The latest we heard about its arrival, is that a media event has been scheduled for October 4th which will be led by CEO Tim Cook with a possible appearance from main man Steve Jobs. Despite medical leave, many believe that Jobs will be there due to the event being of such high importance, let’s not forget that he didn’t miss the iPad 2 launch back in February.

With an appearance hoped on the date above, many have questioned whether it will be the iPhone 5, iPhone 4S or both being announced. Word has it that the 4S will be released on October 21st and that the huge number currently being produced are indeed the 4S handset and not the iPhone 5. Rumor has pointed to the fifth generation not coming until next year, but personally we cannot see it.

US carrier Verizon are now retailing their iPhone 4 model with a price drop to $120, as beatweek.com stated this will be available to a select few. Many people are now wondering whether this is the big red’s way of reducing their current stock down to make way for the new iPhone 5/4S.

We have to stress that Verizon’s iPhone 4 price slash will only be existent until 30th September, so you need to get in quick. One customer currently using the US carrier was keen to share a text that he had received from Verizon. Although we haven’t seen the text ourselves, it was reported to read, “I received a text from Verizon offering me an iPhone 4 at the price of $120 with a new 2 year contract but the offer only stands until the 30th of September.”

Up until its official launch, the iPhone 5 will still remain the centre of attention, with people wondering what its specs will include, appearance, price, carriers and so on. Sprint we know have been keen to point out that they will be running with the new Apple addition, with the feeling that they may be offering their customers unlimited data plans, instead of tiered currently being offered by Verizon and AT&T. T-Mobile on the other-hand will now be offering the iPhone 5 in 2012. Price wise, its difficult to actually say how much the new handset(s) will set you back. Suggestion has it that the new iPhone 5 will be in the region of $199 with the cheaper iPhone 4S being in the region of $99 or perhaps $49.

Specs wise, a larger display is rumored with a slim-lined body, 8 megapixel rear camera, iOS 5, possible NFC, A5 dual-core processor and so on. With just two weeks to wait now until the rumored Apple event on October 4th, we can only leave the decision open to you. Do you wait for what will hopefully be the iPhone 5 announcement, or will you be tempted by the offer of an iPhone 4 at a reduced price but on a two-year contract?