Gizchina has confirmed that the Neo N003 will be the world’s lowest priced smartphone with a full 1080p display. The device will retail for a low price of only $145, or 899 Yuan. The phone is SIM unlocked and features a quad-core CPU. The display itself measures in at 5-inches and has a design similar to that of the Samsung Galaxy S III. The front of the phone features three capacitive buttons and a front-facing camera. We’re still unsure of the forward and rear facing camera resolutions.
Neo hasn’t announced a release date for the N003, but we should see it being released in the near future in order to compete with the iOcean X7 ‘Youth’, another 1080p smartphone with a low price-tag of $160 USD. The N003 is meant to replace the aging N002 that is reportedly still “selling like hotcakes.” The N002 is another relatively low-priced smartphone produced by Neo. The device features 1GB of RAM, a 4.7″ display with a resolution of 960×540 and a dual-core CPU. The Neo N002 offers a design similar to that of the HTC One X.