After months of rumours and leaks, Huawei has finally officially announced Honor 7 smartphone. There will be a total of three versions, which differ in connectivity and storage only. It has a metal alloy chassis and will start at the equivalent for $320.

The phone features a 5.2-inch 1080p display with 423 pixels per inch, a 64-bit Kirin 935 chipset with an octa-core processor and ARM's Mali-T628 GPU, 3 GB of RAM, up to 64 GB of storage that is expandable via microSD card slot, a fingerprint scanner and a 3,100 mAh battery.

Camera department have an 8-megapixel front-facing camera with fixed focus and F2.4 aperture, as well as a 20-megapixel rear-facing camera with Sony IMX230 sensor that supports Phase Detection Auto Focus for fast 0.1 second focus and has an F2.0 aperture 6 lens stack and sapphire glass protection against scratching.

It runs Huawei's EMUI 3.1, which is based on Android 5.0 Lollipop. Huawei's flagship smartphone starts at just 1,999 Yuan ($320) for the standard LTE model with 16 GB internal memory, 2,199 Yuan ($350) for the dual 4G LTE SIM support and 2,499 Yuan ($400) for the model with 64 GB internal memory.