newegg offers the factory-refurbished no-contract Apple iPhone 4S 16GB Smartphone for AT&T in White (pictured), model no. MC920LL/A, for $499.99 with free shipping. (It's also available in or Black for $499.99 with $5.99 for shipping.) That's the lowest total price we've ever seen for a refurbished iPhone 4S. (It's $149 under full retail price.) It's powered by the Apple A5 dual-core processor and features an 8-megapixel camera which is capable of recording 1080p video at 30 fps with image stabilization, dual-antenna system for faster downloads and improved call quality on GSM networks, AirPlay Mirroring, Siri voice-activated assistant, 8-hour battery life, and more. A 90-day Apple warranty applies.

Update: It now has a $5.99 shipping charge in White.