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Verizon confirms Moto G for $99.99, off-contract and within a week

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Announced in mid-November as a $179 off-contract smartphone, the Moto G will go on sale at Verizon on Jan. 9 for the low, low price of $99.99 -- again, off-contract. As noted in Verizon's press release, orders will first be available online, with appearances slated in retail stores "in the coming weeks."

Why the price cut? We're not sure most consumers would realize it, but considering that the Moto G does not support 4G, the price difference from the $179 GSM version would be necessary. Verizon's CDMA 3G network runs at a snail's pace when compared to, say, AT&T or T-Mobile.

Still, the price might be hard for many to pass up. Although the phone is lacking when it comes to data speed, it carries a Qualcomm Snapdragon 400 1.2 GHz quad-core processor with 1GB of RAM -- specifications similar to 2012's Galaxy S III. That means that for those who do not need cutting-edge technology, the device could be a low-cost solution for their smartphone needs.

Verizon's announcement confirms what was already leaked: In late December, a picture of the Moto G in Verizon prepaid retail packaging emerged, and Best Buy confirmed to the Los Angeles Times that it would be selling the device as quickly as possible. Given that, if you're eager to get your hands on the Moto G, checking your local Best Buy might be a better bet.

The Moto G will initially ship with Android 4.3 and will be upgraded to Android 4.4 (KitKat) in the near future.

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