India's $4 Smartphone Seems Too Good to Be True

Get Ready India! A $4 Smartphone Is on Its Way

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In the next few weeks, the world’s cheapest smartphone will meet the world’s fastest-growing smartphone market. In theory, at least.

A little-known Indian company called Ringing Bells Pvt is set to start shipping the Freedom 251. The prototype touts a quad-core processor, a 4-inch screen and front and back cameras - at the astonishingly low price of 251 rupees (less than $4).