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Motorola Drops Moto X Price to $99

Motorola is giving its flagship Moto X smartphone a price cut, offering the gadget for $99.

Orders must be placed through Motorola's Moto Maker website, and buyers need to commit to a two-year contract.

The Motorola website also says existing Moto X owners might be eligible for a $100 rebate, which will be distributed via a Verizon Wireless gift card, Motorola Visa Prepaid card, carrier credit, or other equivalent at Motorola's discretion.

Motorola unveiled the Moto X on Aug. 1, and it arrived later that month for $199.99. The Moto X sports a 4.7-inch, 1,280-by-720 display with 316 pixels per inch, and runs Android 4.2.2. On the inside, the Moto X sports the new Motorola X8 mobile computing system that includes several chips: a 1.7GHz Qualcomm Snapdragon S4 Pro, as well as a natural language processor and a contextual computing processor that handles the sensors, both developed by Motorola.