Motorola wants to equip the world with the latest smartphone technology at less than a third the typical price.The new Moto G phone starts at $179 in the US without a contract requirement. That compares with $600 or more that people must pay for phones without traditional two-year service agreements.Motorola, which is owned by Google Inc , said today that it will target an estimated 500 million people worldwide who cannot afford phones costing more than $200. In the past, the company said, those consumers were limited to phones with technology that is at least a year old and thus unable to run the latest apps and services.
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