Reports in Engadget and indicate that the Razr M will have a 4.3-in. Super Amoled Advanced display (1196 x 720 resolution) and a 1.5 GHz dual-core Snapdragon S 4 processor.

The smartphone will run over 4G LTE networks and include a Near Field Communications chip, 1 GB of RAM, 8 GB of internal storage and two cameras -- a 3 megapixel one in the front and an 8-megapixel model in the rear, the reports said.

The device will sell for $149.99 with a two-year contract, the reports said, putting its price tag at the low end for similar, often $200 or so smartphones.

The device will run a version of Android, either Android 4.0 Ice Cream Sandwich or Android 4.1 Jelly Bean, the reports said.

in May.