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Is this Motorola's comeback device?

Updated

Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company's ownership by Google Inc will force it to sit out of China, the world's largest smartphone market. The company's new Moto G phone, unveiled on Wednesday morning, will be available for $179 without a wireless service contract, about one third of the price of Apple Inc's new iPhone 5C.