16GB iPhone 4S now just $99, 8GB iPhone 4 is free, 3GS is a goner

As we expected, Apple introduced some new price points for its current iPhone lineup alongside the new iPhone 5. As we just reported, Apple’s new handset starts at the usual $199.

This has effectively pushed all of the previous iPhone models down a peg on Apple’s list of smartphone models. The 3GS is gone, and the iPhone 4 is now available for free…

That’s right, at participating carriers, you’ll be able to snag the 8GB iPhone 4 for $0 on contract, similar to the way you could with the 3GS. It’s going to be hard to find a better free smartphone out there.

Likewise, Apple has dropped the 16GB iPhone 4S down to just $99 with a two-year agreement. Again, I dare you to find a better smartphone on the market that’s under $100 without being in a promotion.

Apple says it has “the best phones at every price point.”