What phone? Also your definition of innovation is crap if you think it means cramming the most specs into something cheap.
Coolpad 7320 - with octa core MTK6592 , 13MP Camera and 5.5" HD 1280X720 screen ,
costs
$149-$157 together with shipping from China by Singapore Post for 2 weeks delivery
Proof link :
http://www.aliexpress.com/item/Orig...Phone-1-7G-5-5-HD-1280X720-1G/1934650164.html
( link should be removed after several days, to avoid the advertising of this particular seller )
Coolpad is a large Chinese brand, which was founded in 1993. They are manufacturing about 10% of
world smartphone market, according to 2012 estimates. They provide 1 year warranty service and software updates for their products.
They have such low prices just because their main focus is Chinese market, where people couldnt afford paying much
In short: 1) it isn't a no-name crap 2) it is quite a good bang for the buck
http://www.coolpad.com/