Verizon Announces Motorola's Newest iPhone Killer (VZ, MOT, AAPL)
Verizon Communications (NYSE: VZ) officially announced Motorola's (NYSE: MOT) newest iPhone competitor Tuesday, the Droid 2.
Motorola's Droid 2 ships with Google's (NASDAQ: GOOG) Android 2.2, mobile hotspot capability (a $20 / month add-on), Flash Player 10.1 and a revised QWERTY keyboard. Additionally, the phone carries a 3.7-inch multitouch display, 5 megapixel camera, DLNA streaming, 8GB of onboard memory and a 8GB microSD card.
Verizon is putting the new smartphone up for pre-sale tomorrow at $199.99 on a 2-year contract, with in-store availability locked for Thursday.
Verizon has been hunting for months for an alternative to Apple's (NASDAQ: AAPL) popular iPhone. Despite hardware issues, the iPhone 4 has enjoyed a strong reception since its launch earlier this summer.
Motorola and Verizon can take solace, though, in a recent report showing that Google's Android operating software passed Research in Motion's (NASDAQ: RIMM) BlackBerry in second quarter purchases. BlackBerry has held the number one spot since 2007.
Verizon, Motorola, and Apple are all down today, amid a market selloff. Research in Motion is higher by 1%, to $55.84.
