Confirmed: Huawei Ascend P1 LTE has Qualcomm SoC inside, price of Ascend P1 drops to £240

We received confirmation earlier today from Huawei that the LTE version of the Huawei Ascend P1 comes with a Qualcomm Snapdragon MSM8960 SoC clocked at 1.5GHz rather than the TI OMAP4460 as many outlets reported.

Qualcomm’s chipset that is rapidly becoming the MSM8255 of its generation. Other phones using the SoC include four of the five Windows Phone 8 handsets, the recent Motorola models and even selected models of the Samsung Galaxy SIII.

The Huawei Ascend P1 is one of the thinnest smartphones on the planet, on par with Apple’s iPhone 5. Expansys has cut its price from £354 to a mere £240, probably because of the recent launch of the LG Nexus 4 which has changed the market dynamics and because Huawei will launch new devices early next year.

The device has a 7.7mm frame, it runs on a dual-core TI OMAP4460 system-on-chip clocked at 1.5GHz, with Android 4.0 ICS, a 4.3in 960 x 540 pixel Super AMOLED display with Gorilla glass, 1GB of RAM, 4GB onboard storage, a microSD card slot, an 8-megapixel camera with a BSI sensor, a 1.3-megapixel front facing one, a 1,670mAh battery, Wi-Fi, GPS, Bluetooth 3.0 and a weight of 110g.

Huawei has bundled ICS’s standard user interface and a custom 3D home launcher. Rivals to the Huawei Ascend P1 include the HTC One V, the Galaxy S2, the Sony Xperia S, the Motorola Razr i and the ZTE Grand X.

But its biggest competitor is by far the LG Nexus 4. That beast has a quad-core system-on-chip that should all but annihilate the TI OMAP4460, 2GB of RAM and a 1,280x720 display. You can read our review of the non-LTE version of the Huawei Ascend P1 smartphone.