We’re starting to get the feeling that the smartphone market is peaking. There have been no major advances in the technology for a while now, while prices continue to descend at a rapid rate. Of course the fact that most of the people who are interested have already bought one may have something to do with it.

Anyway, this Charm 1.7GHz Octa-Core Android Smartphone looks like a good indicator of where the market is going. It features a 5 inch 1280×720 IPS touchscreen, Android 4.2, 1.7GHz eight core processor, 1 GB RAM, an 8 megapixel camera, dual SIM, GPS, Bluetooth, WiFi, FM Radio and all the trimmings for a ridiculous price.

The device will allow for tethering, so you can hook it up to your laptop or tablet for 3G connectivity on the go, and it ships with a 2800 mAh battery which should keep you going away from a power socket. There’s 16 GB of storage space on-board and support for microSD cards up to 32GB.

All this makes it look like a pretty decent bargain at just $197.41 (or £118.29).