Motorola names the price of its much-awaited Moto 360 smartwatch

Apparently the news going around the Internet is that the much-anticipated smartwatch from Motorola, the Moto 360, is likely going to cost about US$249 (about RM800).

It seems that the price was quoted by Motorola for its Moto 360 Design Face-Off contest on Google+ where the company challenged consumers to design a watchface for the upcoming smartwatch.

This then led to a conversation on Google+ on the price of the smartwatch before tax.

The post actually elicited an official response from Motorola Mobility which said that the price quoted in the contest was “approximate retail value (ARV)” that the company was required to provide for tax purposes.

Even if the price was not correct, it should give potential buyers a ballpark figure of Motorola’s intended pricing for the device when it actually comes out.

The Moto 360 has been receiving a lot of buzz lately partly due to its round-face design and also because it will be one of the first smartwatches to conform to Google’s Android Wear specifications and software.

Apart from its minimalist design, the device will reportedly support wireless charging.