The Chinese market exclusive Neo N003 will be the most affordable Android smartphone featuring a 5" 1080p display. The handset's retail price will start at only 899 yuan ($145; 112) when it hits the shelves in the near future.
The Neo 003 will undercut the previous affordability champion toting a 1080p display, the iOcean X7 Youth by 100 yuan. The latter is also available only on the Chinese market.
The specifications of the Neo N003 include quad-core MediaTek MT6589 silicon, 13MP camera, and a 3000mAh battery to power the full HD display. A higher end version of the smartphone, priced at 1,499 yuan ($242; 186) will also be available. There are however, no details available about it at the moment.
Source : http://www.gsmarena.com/neo_n003_will_be_the_most_affordable_handset_with_1080p_display-news-5669.php