Verizon is not known for selling budget smartphones that work on its high-speed 4G LTE network, but with today's launch of the Pantech Breakout looks to change that. The Breakout is an Android phone with decent hardware that is available for just $99.99 (after $50 rebate) with a qualifying contract.
The Breakout's hardware is fairly typical for an Android smartphone, although shipping with version 2.3 (Gingerbread) of the OS is surprising on a budget phone. It has a 1 GHz processor and a big 4-inch display to go along with the LTE connectivity that is Verizon's fastest data network. It can also be used as a mobile hotspot (extra cost) to share the 4G network with up to ten other devices, leaving more expensive phones in the dust.
While the phone's hardware is not earth-shaking, it is very solid for the low entry price. I suspect this has something to do with the AT&T launch of its own LTE network this week. Competition is always a good thing.