Looks like ASUS is trying to steal the spot light from Meizu today. The Taiwanese giant has just announced a new product in the market called as the ASUS Pegasus X002. Unlike the name which sounds mighty and powerful, the device itself would be a mid-ranger but will be priced aggressively to compete with existing budget offerings like Xiaomi Redmi 1S and the Meizu Blue Charm K52.

Before we move on to the specs, lets take a look at its name. There is something peculiar about the name Pegasus especially for ASUS. Not many would know that the company name, ASUS is inspired by Pegasus, the winged horse from Greek Mythology that depicts wisdom and knowledge. So, even though this is a mid-ranger, the company could be looking to take over the market with this cheap yet powerful offering.

As for the tech specs, the ASUS Pegasus comes with a 5-inch 1280 x 720p display. There’s a 64-bit 1.5GHz MT6732 processor powering the device along with 2GB RAM and 16GB internal storage which can be further expanded via MicroSD. At the back, there is an 8MP camera sensor while up front, there is a 5MP shooter. The rear shooter comes with ultra-picture quality mode and can synthesize a number of pictures together to form an ultra-high resolution 30MP image. The phone supports a 2500 mAh battery on board. The Pegasus runs on Android 4.4 KitKat OS with Zen UI on top. The Zen UI is smart enough to place your most used apps at the right spot which will save you some time. It supports 4G TD-LTE / TD- CDMA and GSM networks and supports dual SIM dual standby.

ASUS has priced the Pegasus aggressively and the phone will be available for sale for just 799 Yuan which comes to around $129. Pre-orders start today!

This is a great price for a phone with such features and will compete directly with smartphones like Xiaomi Redmi 1S. However, the company has not announced any plans for Pegasus release outside of China but we expect more details soon.

If Pegasus does make it to international markets, do you think the phone can take on Xiaomi’s Redmi 1S which has been very popular among budget customers? Another important point to consider will be its availability, whether the phone will be available without any registration or will it follow Xiaomi’s model. There are lots more questions that needs to be answered, but lets wait and watch.

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Meanwhile take a look at the hands on pictures of the ASUS Pegasus below.

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