Le 1s, the new flagship smartphone from LeTV, is retailing for 1,099 yuan (US$173) in China despite costing over 1,300 yuan to produce per unit, the Chinese entertainment company said on Tuesday. Its specifications keep pace with most flagship phones from other makers: It features a 5.5-inch screen, 2.2 Ghz processor, 3G of RAM and 32-gigabytes of storage. However it is still significantly cheaper than the new iPhone 6s (6,888 yuan) or Note by Xiaomi (1,799 yuan), the leading smartphone vendor in China often billed...
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