Jio Rs.500 Phone to be launched soon

Reliance Jio is reportedly gearing up to launch a 4G VoLTE-capable feature phone that will cost just Rs. 500. 

Source:http://gadgets.ndtv.com/mobiles/news/jio-feature-phone-price-launch-date-4g-volte-1720838

Rumours of such a device have been circulating for a while now, and according to a financial analyst's research note, it might be unveiled at Reliance Industries Ltd's annual shareholder meeting which is set to take place on July 21. However, the Jio feature phone might not go on sale till August 15. 

The low price point will require Reliance Jio to subsidise more than 50 percent of each unit's cost. The company might have already ordered up to 20 million of these phones from Chinese suppliers, according to the research report. There could be multiple variants of the Jio feature phone, and according to previous rumours there could be different versions with Qualcomm and Spreadtrum processors. Other likely specifications of the 4G VoLTE phone include a 2.4-inch screen, 512MB of RAM, 4GB of storage, a 2-megapixel rear camera and VGA front camera, Wi-Fi, and GPS. Of course Jio's apps and services will be integrated.