Forget about the latest iPhone or the newest Samsung Galaxy. The hottest smartphone of 2014 could be one that costs as little as $25!

Mozilla has teamed up with Chinese manufacturer Spreadtrum to announce a $25 smartphone.

The technological breakthrough that will allow such a cheap yet fully featured phone is the SC6821 chipset.

According to a press release, the SC6821 promises "a unique low memory configuration and high level of integration that dramatically reduces the total bill of materials required to develop low-end smartphones."

The as-yet-unnamed phone will run Firefox OS, so it may take some getting used to!

As we move to a no-contract world, you'll have to buy your own phone at a real unsubsidized price. $200 is the high point of what most people will pay. But most people are more comfortable under $100.

This coming Christmas, you'll see how entire market changes with super-cheap no-contract smartphones!

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Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. View More Articles

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