• Samsung Galaxy Note 4

Samsung Galaxy Note 4 (Photo : YouTube/Samsung Mobile)

Samsung Galaxy Note 5 release is just three months away and Galaxy Note 4 is likely facing a price cut with two big US-based carriers.

Sprint and Verizon Samsung Galaxy Note 4 versions are available on Best Buy for just $199 with a two-year agreement. The device is available in Charcoal Black and Frosted White color variants, according to Android Origin.

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The Galaxy Note 4, without a contract, costs around $749.99, is also available for $29.16/month for 24 months with Verizon Edge and $30.00 per month for 24 months with Sprint EasyPay.

The online retailer is offering free shipping for the Galaxy Note 4 deal from both the carriers. The phablet has been upgraded to the latest version of operating system - Android 5.0 Lollipop.

Best Buy is also offering Samsung Galaxy Note Edge for a discounted price of $299.99 with a two-year contract, instead of the regular $429.99, again from the Sprint and Verizon carriers. Galaxy Note Pro - 12.2 inches - 32GB variant with Wi-Fi and 4G LTE from Verizon and AT&T is also listed for just $749.99, rather than the regular $849.99.

This comes as no surprise, as the Galaxy Note 5 release is drawing closer. The upcoming phablet is expected to feature several improvements over its predecessor.

The Samsung Galaxy Note 5 is expected to make a debut along with the company's payment service - Samsung Pay at the IFA Berlin 2015, to be held from Sep 4 to Sep 9. The company is also speculated to have a new Gear A smartwatch ready, to launch alongside the phablet.