The Samsung Galaxy W, which is a cheaper variant of the Samsung Galaxy S, can now be had from as little as £228, unlocked and unbranded from Prepaymania (opens in new tab).
Although it is almost £200 cheaper than the iPhone 4 (and way cheaper than the iPhone 3GS), it easily matches both of them when it comes to sheer grunt.
Its 1.4GHz single core Qualcomm Snapdragon MSM8255T chipset is far more powerful than the A4 on the iPhone 4, and though its resolution is lower than the iPhone 4 Retina Display, it comes with a bigger screen.
There's a five megapixel rear camera with a front facing VGA one, 512MB RAM and 2GB onboard storage, a microSD card reader and a 1500mAh battery. When it comes to connectivity, the Galaxy W has USB 2.0, Wi-Fi, Bluetooth but no HDMI port.
Running Android OS 2.3 Gingerbread, it features a few goodies courtesy of the Korean chaebol. There's Samsung's own TouchWiz user interface, its Social, Music and Game hubs and a few other custom apps.
At 11.5mm thick, it is not as slim as top of the range handsets like the Samsung Galaxy S2 or the Motorola Razr, but then, it costs less than half the price of both.