Neo N003 will cost just $160 with 13 mega-pixel camera and 5.3-inch display!

Pricing details of the Neo N003 have been leaked and show that the next-gen quad-core phone will undercut a number of rivals.

If you are currently looking to spend around 1000 Yuan ($160) on a Chinese Android phone I really do not envy your choices! From the top of my head you have a choice of JiaYu G4, Umi X2, and now the Neo N003! Each phone will cost just 1000 Yuan and each one offers amazing value for money.

However, is is starting to look like Neo could lead the JiaYu and Umi when it comes to price and performance thanks to a number of key upgrades over rival phones. The Neo N003 will come with a quad-core MT6589 CPU, 5.3-inch 720 display, 13 mega-pixel rear camera and large 3000mAh battery.

In comparison the JiaYu G4 will only offer a smaller 1800mAh battery and 4.7-inch display at 999 Yuan (the larger battery model will cost a little more) and the Umi X2 will feature a smaller 5-inch display (however it is reported to be a 1080p model).

We haven't heard any official release notes for the Neo N003, but we could expect an official announcement in March with phones going on sale in either April or May.