Maybe there's still some truth to those rumors that suggested the Moto X was going to cost $300 off contract. As we learned yesterday, of course, the device actually costs $199.99 with a new two-year agreement — and that's on the low end. Motorola is actually planning a more affordable version of the Moto X, however, according to a report from CNET.

Apparently the Moto X is going to serve as the patriarch of a family of Moto X devices, some of which will head to emerging markets or make their way to prepaid carriers in the United States. That means lower-end specs, though Motorola didn't clarify exactly what we can expect. "The experience of devices you can get for less than $200 is subpar right now," Motorola Mobility CEO Dennis Woodside said. "We want everyone to have access to affordable smartphones… Moto X is the brand that we are most focused on. And there is more to come. You will see additional products within months."

Motorola isn't alone. Samsung and HTC recently catered to the budget crowd by releasing "Mini" versions of existing flagships. Meanwhile, Apple is expected to launch its budget iPhone 5C alongside the iPhone 5S this fall. Unlike those devices, however, the Moto X already exists with mid-range specs, so it seems a bit odd that Motorola would try to water it down even more.