Meizu has unveiled a new smartphone in China, called the M3. It will feature 16GB or 32GB of storage and has a 5″ display, with 1280 x 720 resolution. A Mediatek octa-core processor (four 1.5GHz cores and four 1GHz cores) runs Android. The battery is 2,800mAh. Meizu will sell the phone for CNY500 ($80) (16GB) and CNY665 ($100) (32GB). Prices are ex VAT.