Verizon could soon be dropping the price of the iPhone 4, at least for a limited time. An uncovered promotion suggests the handset will be available soon online for just $150, according to VZ Buzz.

Currently priced at $199, this possible sale could save customers $50, which is certainly a great deal.

Unfortunately, we don’t know when (or if) the promotion will begin.

According to VZ Buzz:

Apple is known for their fair pricing model which usually only providers retailers with a window of around $10 or so to discount devices. A $49.99 price break is almost to good to be true.

The iPhone 4

The iPhone 4

We will keep you updated and let you know if the sale becomes a reality.

Would you consider paying just $150 for an iPhone 4, or are you holding out for the iPhone 5? Let us know by using the comments below.