Apple announced during its press conference in Cupertino, California on Tuesday that its iPhone 3GS smartphone is now available for free on contract. The company did not not clarify whether it will continue to build new supply or if this is a limited time offer while Apple and its partners burn through remaining inventory. Apple also said that its previous-generation iPhone 4, soon to be replaced by the iPhone 4S, will drop to $99 on contract.

Following BGR’s exclusive reports, Best Buy has confirmed that it is offering Apple’s iPhone 3GS for free during a one-day only sale. Best Buy also clarified that the offer is only available at Best Buy store locations, and is limited to one per customer:In response to customer demand and interest, Best Buy confirms that it is offering the iPhone 3GS for free with 2-year new or upgrade activation as a special one-day event on Friday, Dec. 10, 2010. The offer is in-store only, good while supplies l...

If you’re worried about little Timmy moving away and going to a big scary college with drinking, parties, and all kinds of tomfoolery, maybe he’ll just be too distracted with his new iPhone 3G to notice?. Abilene Christian University (probably a place where the aforementioned hedonism doesn’t take place) has just given their incoming Freshmen the option to choose between the new iPhone 3G and the iPod Touch. Lucky! The devices come with custom apps, presumably from the school to help “...