If you’re looking for a phone that won’t break the bank, ZTE may have something in store for you assuming that the device even makes its way stateside. Introducing the ZTE Blade V881, the successor to ZTE’s Blade V880 that was revealed earlier this year at MWC 2011.
The device has seen a couple of upgrades that include a 1GHz Qualcomm MSM8255 processor, 512MB of RAM, a 5MP rear-facing camera along with a 3.8” WVGA 800×480 resolution. It is not known when it will be made available, but it is expected to hit the Chinese market first and should be priced around 1,000 Yuan (~$160). As you can see, the specs are modest and rather low-end, but for $160 it should be good enough to get the job done.