Motorola confirms Moto 360 pricing in new contest rules

The info comes from the terms for a new contest that Motorola is running. This morning, Motorola kicked off a contest on Google+ asking people to submit designs for watch faces. The contest will run for three weeks, and at the end of that time, a panel will choose a winner based on aesthetics, feasibility, and originality. The winner will receive a Moto 360, which the terms list as having an "approximate retail value" (ARV) of $249. Nine others will win a $50 Google Play gift card; and, unsurprisingly, Motorola reserves the right to use any of the ten winning submissions on the device itself, or in marketing. 

The $249 price tag is in the range that we have been expecting, especially given that we just saw indications that the Moto 360 would cost 249 euros, and electronics tend to be more expensive in Europe than in the U.S.. The rules also have the final day for submissions set at June 24th, which is the day before Google I/O starts, and it also fits with the July release that was indicated in the latest rumor. So, that just leaves one question: will you pay $249 for a Moto 360?

source: +Motorola Mobility, +Moto 360 Design Face-Off, Design Face-Off Rules