Are you considering picking up an iPhone 4 or iPhone 4S? You might want to hike over to the nearest Target location.

According to a recent report from 9to5 Mac showing the above image from a tipster located in Orlando, FL indicates both the 16GB and 32GB iPhone 4S models are available for $174.99, and $274.99. The $25 mark down applies to the 8GB iPhone 4 as well, which can be had for $74.99.

The deal appears to be going on in Orlando till the end of the month. With 37 million iPhone 4Ss sold already I can’t imagine retailers are sitting on massive amounts of inventory they need to push, which is why the Target deal is somewhat surprising.

Although, the recent release of the new iPad has led to price cuts of the iPad 2 with numerous locations selling one or more models cheaper than the already reduced prices. Micro Center has the iPad 2 16GB Wi-Fi model for $359.99 which is $40 cheaper than the recently reduced price of $400.

Keep an eye out for deals like above, and look for Apple and second-hand retailers to have a large supply of refurbished iPad 2s for sale in the near future as well.

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[Source: 9to5Mac]