Nexus 4
Online reseller LetsTalk just announced a significant discount for those looking to purchase a Nexus 4 and use it on T-Mobile's network. Google

Now that Google’s Nexus 4 handset is finally in stock once again, customers may be in for a treat: The first Nexus 4 discount has appeared online for those wishing to purchase and use the smartphone over T-Mobile’s network.

Users can purchase the phone from LetsTalk, a reseller who is slashing the device’s price down to $84.99 with a two-year contract. This is a notable decrease from the typical $115 price point T-Mobile offers for a subsidized Nexus 4. Needless to say, this price is much cheaper than the cost for an unlocked Nexus 4 from the Google Play Store, which will run you $299 for the 8GB version and $349 for the 16GB edition.

However, the discounted price does come with a catch and those looking for a commitment free deal may want to reconsider this option. LetsTalk will hit users with a whopping $250 fee if they cancel T-Mobile service within 180 days of purchasing the Nexus 4. While it’s not as big of a commitment as a standard two-year contract, buyers will have to hold onto T-Mobile for at least six months to avoid that fee.

The Nexus 4 launched back in November alongside its sibling Nexus 10 tablet, and both devices sold out almost immediately around the world. Google has had a hard time keeping the Nexus 4 in stock, as the handset’s availability has continued to fluctuate over the past few months.

During Google’s quarterly earnings conference call at the end of January, the search engine giant’s CEO, Larry Page, said these supply shortages will be addressed.

“Clearly, there is work to be done in managing our supply better, besides building a great customer experience that is a priority for our teams,” Page said, referring to Google’s line of Nexus devices.

Google’s Dan Cobley also apologized via Google+ earlier in 2012, writing that these shortages are “unacceptable” and vowing that Google is “working through the nights and weekends to resolve this issue.”

The Nexus 4 has been considered one of the best smartphones that launched in 2012 for a variety of reasons: its high-end specs, which include a 4.7-inch screen with 320 ppi, a speedy 1.5GHz Qualcomm Snapdragon S4 Pro CPU and Android 4.2 Jelly Bean built into the device right out of the box. Not to mention, the handset comes with a sleek form factor and a signature glistening back plate that make the design stand out.

However, the true driving factor behind the handset’s success is the affordable price and no-commitment deal. Most high-end smartphones on the market will run you upwards of $500 for an unlocked device, and now Nexus fans have the choice of also purchasing it on contract for a cheap rate. While the Nexus 4 is undoubtedly one of the most popular smartphones, on-the-market buyers will be missing out on 4G LTE connectivity.

As of now, it remains unclear as to how Google plans to address its supply chain troubles, but the Nexus 4’s appearance at more online retailers is sure to make a difference.