Apple has begun sending out notices about their annual "Black Friday" sale, so named because it's theoretically a shopping day so monumental it tips the retail balances out of the red (losing money) and into the black (making profit). Years past have seen $100 off MacBooks, for example, though rumors this year suggest Apple might be more aggressive with their sale.
Cyber Monday, the trendy follow-up where people have mulled over everything they didn't buy on Black Friday and make use of once-were-faster office internet connections to order stuff online, is typically ignored by Apple, so those wanting even a little savings should definitely not miss out Friday.
Will iPhone's see any discount love? We don't expect so, given their already hugely subsidized price, but we remain ever hopeful!