Today, there is many products that offers with very affordable price, while the Xiaomi is already release the Xiaomi RedMi Note that offers with very cheap price, and Huawei is also follow the same strategy.
Lenovo is the one of Chinese smartphone manufacturer is also ready to compete in thise market, and now we have the Lenovo S898t which ready to comete with low proce handset.
The new Lenovo S898t is packs with 5.3 inch screen size and sports with 1GB of RAM and 8GB of ROM, the phone is also powered by MediaTek MT6592M quad-core processor, that running at 1.4GHz clock-speed.
Theere is also another varian, that running more higher memory woth 2GB of RAM and 16GB of storage, while the low version is offers with 788 yuan ($126 USD) and the high-end version is offers with 988 yuan ($158 USD) price tag. Both phone is running Android 4.2.2 operating system.
And now, the war is begin! [source]