Motorola Mobility's (GOOG) next flagship phone will be called the Droid M and be sold by Verizon...

|By:, SA News Editor

Motorola Mobility's (GOOG) next flagship phone will be called the Droid M and be sold by Verizon Wireless (VZ, VOD) for a subsidized $150, BGR reports. The phone, expected to be unveiled at a Sep. 5 event, is rumored to feature a Qualcomm (QCOM) Snapdragon processor - its predecessor, the Droid RAZR, runs on a Texas Instruments (TXN) OMAP processor. The Droid M will face stiff competition from Samsung's blockbuster Galaxy S III, not to mention the next iPhone. (more on Qualcomm: I, II).