We knew that Huawei's 4-inch Ascend W1 will be hitting the UK at some point this quarter, but the company is once again launching a new device in its home country first. Currently available in black at the official online store, this dual-core, WCDMA 900/2100-flavored W1 is priced at ¥1,599 or about $260, making it the cheapest Windows Phone 8 device you can get in China -- probably something that will help address Huawei's smartphone penetration problem. Better yet, placing an order now will knock ¥100 (about $16) off the order but only while stocks last, so interested buyers better start calling their pals in China soon, especially before they shut down for Chinese New Year early next month!

The title of cheapest WP8 device in China was previously held by Nokia's ¥1,999 (about $320) Lumia 620, though in the US it is available for just $249. Given the bigger screen and battery, the W1 might be a better buy, but we shall reserve our final judgement until we get to play with it properly. Meanwhile, somewhere in Redmond, Steve Ballmer is closely observing with a massive grin.

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Huawei Ascend W1 now available in China for $260, cheaper than Lumia 620 locally