Want a Galaxy Nexus? Android’s flagship phone is now $100 cheaper on Verizon

samsung galaxy nexus hands on a look at the lte verizon version photoVerizon has lowered the price of the Samsung Galaxy Nexus on Verizon. Though it’s only been on the market for about five months, the phone’s price has dropped from $300 to $200 — with a two-year contract, of course. Though Verizon keeps launching high profile 4G LTE phones for $300, the new price is a sign of increased competition from other carriers like AT&T and Sprint, who are now finally getting around to launching their own 4G LTE networks. The Droid Razr Maxx is the only phone left on Verizon’s roster with a big $300 price, and thanks to its incredible battery life, its almost justifiable.

The Galaxy Nexus did not wow us in the battery department. It underwhelms in this area, but everything else was quite impressive, leading us to give the phone a very high score. It was co-designed by Google and Samsung, launching as the flagship phone for Android 4.0 (Ice Cream Sandwich), Google’s newest smartphone and tablet operating system. For a rundown of new ICS features, head here.

Now available on Sprint as well, it may prove to be a cross-carrier success. Sprint launched the phone this week at $200, complete with 4G LTE compatibility. Unfortunately, Sprint’s actual LTE network hasn’t launched yet, but when it comes to phone contracts, being early is better than late. Those who don’t get an LTE-enabled phone will have to wait two years to upgrade.

The Nexus has competed neck and neck with the Droid Razr line as the most popular Android handset on Verizon.