A new Lenovo device, released just today in its homeland of China, is shaping up to be quite the competitor in the ultra value segment where local rivals Xiaomi and Meizu currently reign supreme. Dubbed Lenovo K3 Note, the new phablet packs quite the punch for what is a devices costing just ¥899 (~$145).

For that kind of money, you’re getting quite a bit in return. The Lenovo K3 Note sports a 5.5-inch display with a sharp resolution of 1080 x 1920 pixels (401 ppi), has an octa-core MediaTek MT6752 coupled with 2GB of RAM, 16GB of expandable storage, a 13MP/5MP camera combo, and a healthy 3,000 mAh battery (with wireless charging?). The back of the 0.3 inches-thick (7.6 mm) phone is made out of yellow polycarbonate and houses a peculiar, round Lenovo logotype in the middle. Also found on the rear are a loudspeaker and we can even see a dual LED flash under the recessed camera sensor.

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