Mogu S1 is the world's cheapest 5-inch phablet at $48!

Chinese phone maker Mogu have announced it plans to launch the world's cheapest 5-inch Android phablet priced at just 299 Yuan ($48)!

5-inch Android smartphones are now easier to find that more compact 4-inch options, but despite the number of options consumers have to choose from there aren't many 5-inch phones available for people on a limited budget!

But that is all about to change thanks to the Mogu S1! Mogu are well known in China for making some of the most affordable touch screen phones in the business, but the 5-inch S1 sets an all new standard!

Based on a Samsung Galaxy design, the S1 will feature a 5-inch WVGA 800 x 480 display, single-core 1Ghz CPU, 2 mega-pixel rear camera, VGA front, Bluetooth, GPS Wifi and a 2000mAh battery!

No word on whether the S1 will offer dual-sim support, or if the phone will come with ICS or JB, but for less than $50 it really doesn't matter!

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