Amazon Wireless has a very hot deal in place for customers willing to sign new contracts with Verizon, offering the Samsung Galaxy S4 for just $119.

The Samsung Galaxy S4 is the company's newest flagship and one of the hottest new devices currently available on the market, but all high-end devices come with a price to match. With subsidies, however, even the latest gadgets come with a more affordable price.

Dell dropped the price on the Samsung Galaxy S4 for Verizon customers a few days ago, offering the handset for $129.99. Amazon Wireless now undercuts Dell's offer for the Verizon Galaxy S4 by $10, slapping a $119.99 price tag for new contracts. Upgrades, meanwhile, are just a bit pricier, at $170.

As previously mentioned, the offer stands only for new contracts, meaning new customers willing to sign a two-year agreement with Verizon. Those who want to purchase a Samsung Galaxy S4 without a contract and service plan will have to shell out $649.99 for the unlocked device.

Offering the new Samsung Galaxy flagship for just $119.99 marks quite a large discount, especially considering that the Verizon Wireless itself sells its Galaxy S4 for $199.99 with a two-year deal. In other words, those who decide to go with Amazon's offer will get the Verizon Samsung Galaxy S4 for $80 less than what the carrier charges for the handset.

It's also worth noting that Amazon Wireless has both the black and white versions of the Samsung Galaxy S4 available at this new price. Verizon started selling the smartphone two weeks ago and Amazon Wireless charged $179.99 for the Verizon Galaxy S4 at the time. Dropping the price from the initial $179.99 to $119.99 is a pretty enticing discount.

Just as a reminder, the Samsung Galaxy S4 sports a 5-inch full HD display with a resolution of 1920 x 1080 pixels, a powerful 1.5GHz quad-core Qualcomm Snapdragon 600 processor, 2GB of RAM, a 13-megapixel rear camera and a 2-megapixel front shooter, a 2,600 mAh battery and the latest Android 4.2.2 Jelly Bean on board.

The Samsung Galaxy S4 made its commercial debut less than two months ago, on April 27, but it's already the most popular Galaxy smartphone ever. It fact, the smartphone marked a new record for the South Korean tech giant, selling 10 million units in less than a month of hitting the market. It's definitely one of the hottest smartphones available and enticing offers such as Amazon's will only make it more popular. Interested?