The Samsung Wave can now be had for as little as £60 including a £10 top up from Carphone Warehouse subsidiary, Mobiles.co.uk.
The smartphone, which is also known as the S8500, was launched in April 2010 and packs some pretty stunning specifications for the price, being 86 per cent cheaper than the Apple iPhone 4.
Both come with a Cortex A8-based chipset. The S8500 runs on the Samsung Hummingbird clocked at 1GHz while the iPhone 4 is powered by the Apple A4 and has 512MB RAM.
Other features include a 3.3-inch Super AMOLED capacitive touchscreen with Corning Gorilla glass, 2GB onboard storage, a microSD card slot, microUSB, Wi-Fi, Bluetooth, a five megapixel camera, HD video recording, a front facing camera, TV Out, a 1500mAh battery that can power the phone for up to 35 hours when playing music.
Note though that the phone is a refurbished model and uses Samsung's own BadaOS mobile platform coupled with the TouchWiz user interface.
The phone will get Bada OS 2.0, but fails to match its competitors' clout when it comes to its app store; it is likely that Samsung will merge Bada and Tizen, yet another platform it has backed with Intel.