We speculated that the Xperia E4 would end up priced between the Moto E and Moto G, and €129 is spot on. If you're not in Europe, you can probably use the following equation to estimate the price in your neck of the woods: Moto E MSRP/2 + Moto G MSRP/2 = Xperia E4 MSRP.

This makes the E4 a relatively interesting alternative, as it packs a more powerful quad-core processor than the Moto E, along with 1GB of RAM and 8GB of storage. Better yet, the Xperia E4 will ship with Android 5.0.

Early listings suggest Sony’s new value phone will hit retail in two to three weeks.