AT&T now offers the refurbished Apple iPhone 5 16GB for just $149.99 with a new 2-year contract, plus free overnight shipping.  A $36 activation free will apply.  You save $50 off the normal contract price.  Note that 64GB model is also available for $349.99.

What this does & Why you need it:
You save 25% off the normal price for the iPhone 5.  Apple's latest iPhone features a new A6 processor (supposedly twice as fast and twice the graphics of the iPhone 4S), 4" 1136x640 Retina display, powerful 8MP camera (with panorama and 1080p), Apple Maps, improved Siri Voice Recognition, LTE connectivity, 8 hours of 3G/4G talk time, ultrathin 7.6mm design, CDMA/GSM compatibility, iOS 6, smaller Lightning dock connector, and more.