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An entry-level smartphone is a low-cost smartphone with few advanced features or a scaled-down version of a mid- or high-end phone. These are usually marketed toward consumers who have fairly basic mobile communication and computing needs.
An entry-level smartphone is usually intended for average users. From a technical perspective, it uses less powerful hardware, with smaller memory and lower storage capacity, and thus runs also on a less powerful operating system, which may be free or open source.
For marketers, an entry-level smart phone is the cheapest model of its class, or the base model, from a given manufacturer. Some entry-level smartphones, however, may share the same design as high-end ones, but with fewer advanced features.
For consumers, an entry-level smartphone may not be as feature rich as a high-end one, but it definitely offers more features than a conventional mobile phone.