Retailers dropping prices on iPhone ahead of impending update [Ars Technica]

Also see iPhone 5 Takes Shape – in the Media (Bloomberg BusinessWeek/GigaOM)

Some retailers have begun marking down the price of the iPhone 4, suggesting stock clearing measures have begun in anticipation of an expected hardware update. While most recent rumors have suggested a September launch, however, some recent buzz indicates that the next iPhone might not emerge until October. Still, in light of the markdowns, September seems a more likely candidate.

Retailers dropping prices on iPhone ahead of impending update