Last week, AT&T started offering the iPhone 3GS for $49 and now Apple is also offering the iPhone 3GS 8GB for $49 with a new or renewal service contract on AT&T too.

The Apple iPhone 8GB 3GS comes with a fast processor, built-in GPS and integrated compass for navigation with Google Maps, enhanced enterprise support, instant remote wipe, a 3.5″ touch screen, 3-megapixel autofocusing camera with 30FPS VGA video recording, Nike + iPod support, at least 5 hours of talk time on 3G, and more

Note: Apple’s iPhone 4 will be available on the Verizon network come February 10, 2011. Pre-orders for existing Verizon customers happens February 3, 2011. The iPhone 4 slated for Verizon is unchanged from the AT&T version excepted the for the replacement of the CDMA antenna for the GSM Antenna and the added ability to use the phone as a mobile hotspot with up to 5 devices.