Phones are already cheap now, but Vodafone is buying even cheaper handsets from Chinese handset maker ZTE, putting pressure on Motorola and Nokia…

The cheapest phone currently on the market is the Motorola C113a, specifically designed for emerging markets, which could be bought for 18.23 euros ($23.92) on the January wholesale spot market, according to data provided by gsmExchange.

The ZTE products may cost several euros less. Nokia’s 1110 model sells for around 30 euros.

Source : Reuters