The $100 laptop, even seven years on, never quite panned out at that price point. But the $100 smartphone has dropped, right now.

Today, T-Mobile announced what it’s calling the “Concord”—a re-branding of a 2010-era Android smartphone manufactured by China’s mobile powerhouse, ZTE. The phone has a basic 2-megapixel camera and the older Gingerbread version of the operating system. It will be available even to no-contract customers. Sure, it's not super flashy, but hey, a smartphone for a Benjamin is not a bad deal.

T-Mobile is clearly making a play to lure customers in the door with its newly unlimited mobile data plan. The phone is available now for $100 from Walmart with a no-contract Walmart Family Mobile plan, and will also be available in Target starting August 26.