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For a limited time Best Buy is running a promotion trimming $50 off of the iPhone 5 and iPhone 4S. The discount is an instant savings, which puts the iPhone 5 at $150 for the 16 GB model and $50 for the 16GB iPhone 4S. The deal also includes free online shipping for in-stock models. The caveat of course is this requires the standard two-year contract with your carrier of choice. The promotion runs until January 5, 2013. Best Buy Via 9 to 5 Mac
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