Chinese manufacturer ZTE has announced a new high powered low budget Smartphone, the U950 is an Android powered and it’s got a 1.3GHz quad-core NVIDIA Tegra 3 processor and 1GB of RAM. What is most interesting is the price tag, it’s only $160 but that’s for the first 100,000 consumers who place an order on November 11.

ZTE U950 – Quad Core Smartphone for $160

The ZTE U950 is only 9mm thick and features a 4.3-inch display running Android 4.0 Ice Cream Sandwich. On the rear we’ve got a 5MP camera and VGA-resolution front camera for video calls. Sadly, the device only has 4GB of internal storage space. The handset is slated for release in China next month. There’s no word on whether this cheapo quad-core will be making its way stateside or elsewhere.

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