Australian entrepreneur Ruslan Kogan is launching a 120 Pounds rival to the Samsung Note in February.
"Up until now, full feature smartphones have only been for the rich," says Kogan, "we want to make technology more affordable for everyone."
The Kogan handset has a 5-inch (480 x 800 pixels) touchscreen display, 5-megapixel camera and houses a 1GHz dual core Cortex A9 processor. It also has 512MB RAM, 4GB of onboard storage, a 0.3-megapixel front-facing camera and uses the Ice Cream Sandwich (4.04) version of Android.
Source:
http://www.electronicsweekly.com/Articles/2013/01/11/55347/kogan-phone-to-take-on-samsung-and-apple.htm