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Sales deals on Apple products are precious occurrences, as spontaneous and rare as the collision of matter and antimatter localized entirely on the Grand Concourse Parkway in the Bronx. Sure, you can get a buck or two off at some of the big boxes; you may be able to weasel a fin out of Amazon, but ultimately, Apple’s MSRP is an immutable law.

So this is exciting: the iPhone 4′s first honest-to-goodness sale at a physical and reputable retailer. Effective as of Friday, if you sign up for an AT&T contract at one of Radio Shack’s stores (new or upgrade), you can get an iPhone for $50 off the retail price. That’s $249 for the 32GB iPhone 4 (usually $299), $149 for the 16GB iPhone 4 (usually $199) and $49 for the 8GB iPhone 3GS (usually $99).

Not shabby, but it gets better: Radio Shack is also offering a $75 trade-in credit on functional and uncracked iPhone 3Gs, as well as $125 for the 3GS, meaning you may very well be able to walk into the Shack today with your old iPhone 3GS and trade it up to the 4 for less than the price of an afternoon at the movies.

Act now: Radio Shack’s deal is ending on December 11th.

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