Sam’s Club stores in the U.S. will be offering the 16GB iPhone 4 for just $147 with a two-year contract through Christmas Day, according to a new report. Citing information and a matching screenshot from an anonymous source, Engadget reports that the 8GB iPhone 3GS will see a similar discount, and will sell for $47 on contract until the holiday. Notably, the iPhone 4 price would represent the cheapest of the season, beating out Radio Shack’s prior discount by two dollars; the report does not indicate whether Sam’s will be offering a similar discount on 32GB iPhone 4 units.

Update: Walmart, which owns Sam’s Club, is offering a $50 Gift Card with the purchase of a new 8GB iPhone 3GS or 16GB iPhone 4.

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Charles Starrett

Charles Starrett was a senior editor at iLounge. He's been covering the iPod, iPhone, and iPad since their inception. He has written numerous articles and reviews, and his work has been featured in multiple publications.