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LG G Pro Lite: A big screen budget smartphone

LG has added another phablet to its lineup with the LG G Pro Lite, a 5.5in smartphone that comes equipped with its own stylus.

LG said the G Pro Lite is aimed at practical smartphone users "who want to enjoy the convenience of a large display." While it sports the same screen size as the LG Optimus G Pro, which landed on AT&T in May, the specs aren't as impressive, which explains the "Lite" moniker.

The G Pro Lite features a 960 x 540 pixel display and runs a 1GHz dual-core processor, compared to the 1,920 x 1,080 Full HD IPS display and 1.7GHz quad-core Qualcomm Snapdragon processor on the Optimus G Pro.

The G Pro Lite runs Android 4.1.2 Jelly Bean and includes 1GB of RAM. There's an 8-megapixel rear-facing camera and 1.3-megapixel front-facing shooter, as well as a 3,140mAh battery. It supports 3G networks, Bluetooth 3.0, USB2.0, A-GPS, and Wi-Fi Direct.

"The market for smartphones with displays over five inches will continue to grow and LG is in a great position to capture these new customers when they're ready to move up from their current phones," Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company, said in a statement.

The phone will come in black and white. It will debut this month in Latin America followed by Asia, Russia, China, India, and the Middle East.

Earlier this week, meanwhile, LG said it will begin mass producing the world's first flexible OLED smartphone panels.