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Verizon's DROID X Sold Out in One Day

Thursday Verizon Wireless announced the availability of the Motorola DROID X, the latest Android smartphone that featured HDMI out, HD video capture, a 1 GHz processor, and "the biggest phone screen you can find." The hardware specs alone caused quite a stir, enough so that customers were lined up outside Verizon Wireless outlets to get their hands on the tasty new DROID.

One day later, the thing is sold out--everywhere.

Local reports--as well as reports nationwide--reveal that the device is no longer in stock. Verizon has even depleted its stock reserved for online orders. Those who went out with the intentions of coming home with the shiny new DROID found themselves as the proud new owners of a coupon redeemable when stores replenish their armies.

"This has been a very good day one for Droid X sales," Verizon admitted. "Customers were in line at midnight in some markets, in other places there were lines when the stores opened and in other stores there has been a steady stream of customers. We have been successful at keeping up with early demand but at present inventory in some parts of the country inventory is either low or out. (It truly varies around the country.) Since we have weekly shipments planned, customers can still order phones and can expect them to be shipped on or before July 23."

The full retail price of the DROID X is $569.99, however the device costs $299.99 with a 2-year contract. Consumers will receive an instant $100 discount when ordering online, or a $100 mail-in rebate when ordering through a local store, making it a meager $199.99 with the ball-and-chain contract.