Race for phablets heats up, after Micromax Lava unveils Iris 501

It seems as if domestic handset player like Micromax and Lava and are fighting it out for the market space in a fierce competition. All with 5 inch screen.

Lava International has launched the phone-cum-tablet segment with Iris 501. The devive is priced at priced at R9,999. And comes with a large 5-inch display a display resolution of 800 x 480 and runs Android 4.0 (Ice cream Sandwich) instead of the latest Android 4.1 (Jelly Bean).