Those who have been holding out for the Samsung Galaxy Nexus on Verizon will be ecstatic to hear that the nation’s number one carrier has finally decided to slash the phone’s price. After being offered for $299.99 with a 2-year contract over the first four months of its availability, you can now get the Galaxy Nexus for $199.99 on a contract. The $100 price cut puts the Galaxy Nexus on a similar price level as the Motorola Droid 4, with only one device left at $299.99, the Droid Razr Maxx.

Verizon is probably trying to steal some thunder from Sprint’s variant of the Pure Google device. The 4.65-inch SUPER AMOLED display and 1.2GHz dual-core processor phone was made available for pre-order on Sprint on April 22 for $199.99, with the response from buyers reported to be very positive.

Verizon has been on the offensive with its 4G LTE network expansion — two thirds of the US population is now covered by the carrier’s high-speed mobile data service. The company plans to expand the LTE coverage to 260 million Americans by the end of the year.

The Verizon Galaxy Nexus will be up against several new high-profile smartphones offered by competitors, such as the HTC One XL on AT&T, the HTC EVO 4G LTE on Sprint, and the HTC One S on T-Mobile, all carrying a $199.99 price tag. The price drop should help soften the blow until the carrier releases its next flagship device, and help Verizon maintain its lead in carrier arena.

Meanwhile, Google has started selling again devices directly to customers, starting with an unlocked version of the HSPA+ Galaxy Nexus that goes for $399. So, it’s good news on all fronts for Android fans!

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