Taiwanese manufacturer ASUS has announced a very competitively priced new smartphone ASUS Pegasus X002 ready to take on the likes of Xiaomi Redmi 1S and Meizu Blue Charm K52.  Xiaomi had sold off 40,000 units of its Redmi 1S handset in just 4.2 seconds when it was launched in India in September this year. Meizu announced its Blue Charm Note, also called the M1 Note, at the beginning of this month for $160 with some killer specs.

ASUS’ new phone is named after the winged horse ‘Pegasus’ from Greek Mythology which means wisdom and knowledge. The company’s name ASUS is also derived from the name ‘Pegasus’.

ASUS Pegasus X002 -1

The ASUS Pegasus X002 boasts of a 5-inch display with 1280 x 720 pixels resolution, a 64-bit MT6732 quad-core chipset clocked at 1.5GHz, 2GB of RAM and a 16 GB of internal storage expandable via microSD card. In the camera department, the handset has an 8MP rear camera with auto focus, LED flash and ultra picture quality mode, and a 5MP front-facing snapper.

ASUS Pegasus X002 -2

Pegasus X002 is powered by a 2,500mAh battery and runs Android KitKat topped with Asus’s own Zen UI. It is a dual SIM smartphone supporting 4G TD-LTE/TD-CDMA and GSM networks.

The phone is available in China for only 799 Yuan which is equivalent to about US$129, a very competitive price considering the specs it offers. Currently, the phone is meant only for China with no information whether it will be released outside China at a later date. Pre-orders for the phone have already started.

Here’s the teaser video of Pegasus X002:


Take a look at some hands-on pictures of the ASUS Pegasus X002:

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Source GizmoChina