The iPhone 4 is about to get a whole lot cheaper in the UK. According to Pocket-Lint, beginning May 10 high-street retailer Carphone Warehouse is set to offer the iPhone 4 on contract for £17 per month with a free phone. Or, to put it another way, you'll be able to pick up an iPhone 4 for just 50p per day.

OK, so to take advantage of the deal you'll be getting an 8GB iPhone 4. But, you'll also be getting iOS 6, a Retina Display and all the content you can handle from the iTunes and App Store. Available at this price on either Three or O2, it is the cheapest that the retailer has ever offered the iPhone for sale.

With the rumor mills continuing to roll with regards a cheaper, 'budget' iPhone, the question is; is it truly necessary? The iPhone 4 may be two years old now, but has never had the stigma attached to it that in any way is it a budget device. And it still remains perfectly capable, at least for now. At such a low price, those making their first leap into the world of smartphones would have to be tempted.

So, would you consider picking up an iPhone 4 on such a low cost agreement? Is there room for a 'budget' iPhone when the iPhone 4 can be had for such a low outlay?

Source: Pocket-Lint