Have you been meaning to get your hands on the iPhone but due to its price you decided against it? Well earlier this year, for those who remember, AT&T dropped the price of the iPhone 3GS to $49 for a 2-year contract, and if you thought that paying $49 for a one and a half year old device was just ridiculous, perhaps their latest price drop to just $9 for a 2-year contract might change your mind.

Unfortunately for you, the $9 offering will be a refurbished device, which means it is a device that has been used within the 30 day trial period and returned, where it is then given a factory reset and goes through testing before being sold. So if owning a somewhat used iPhone 3GS does not bother you, then perhaps you might like to consider taking AT&T up on their offer.

For those wondering what this further reduction in price could imply, it seems that during Apple’s quarterly conference call, Chief Financial Officer Peter Oppenheimer mentioned something about a “future product transition that we will not talk about today”. This was in response to why Apple was projecting $25 billion in revenue in Q3 which was a 12% drop from their reported $28.57 billion in revenue during Q2. Some are speculating that this is because the next-generation iPhone is due to make an appearance sometime during then, and because of that, sales of the iPhone 4 are expected to start slowing down.

Perhaps those rumors of a September launch of the next-generation iPhone may not be so far fetched after all.

Filed in Apple >Cellphones >Rumors. Read more about AT&T, iPhone 3GS, iPhone 4S and iPhone 5.

Key SpecsiPhone 5iPhone 4siPhone 3GS
Announced On2012/09/012011/10/01
Display Diagonal4" (10.16 cm)3.5" (8.89 cm)3.5" (8.89 cm)
Processor/Soc NameA6A5
Street Price (Approx)~ $670
Search low iPhone 5 price (Amazon)
~ $310
Search low iPhone 4s price (Amazon)

Search low iPhone 3GS price (Amazon)
Max. Total Storage Capacity64 GB64 GB32 GB
Megapixels8 Megapixel8 Megapixel3.15 Megapixel
Battery Capacity (mAh)1440 mAh1432 mAh
Complete product dataApple iPhone 5 Full specs and detailsApple iPhone 4s Full specs and detailsApple iPhone 3GS Full specs and details
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