The Acer Liquid S1 has been announced, costing €349 (around $455).

The Acer Liquid S1 features a 5.7-inch screen with 720p resolution and is powered by a Mediatek quad-core processor clocked at 1.5 GHz and Android 4.2 Jelly Bean. There’s also 1GB of RAM as well as single and dual-SIM options (with two slots), but no LTE support. There’s 8GB of internal storage (expandable via microSD card) and a 2,400mAh battery, in addition to a pair of back and front-facing cameras.

As they say you get a lower price but have to compromise on specs.