There are some caveats. First, the deal is available on Black Friday only. Once the calendar changes to Saturday, the price of the phone goes back up to the $199.99 on contract price that the phone was selling for prior to Black Friday. If you plan on making this a Black Friday purchase for you, we'd suggest making Sprint one of the first places you stop at on Black Friday because at $49.99, supplies could easily run out.
If the Samsung Galaxy S III isn't your cup of tea or Sprint isn't your carrier, don't fret. As we get closer to Black Friday, we should see some more deals get leaked for other handsets and other operators. Last year we detailed a number of one-day deals including 1 cent deals on some of the phones that were red hot last year like the Samsung Galaxy S II and the Motorola PHOTON 4G.