Cricket Wireless has officially announced that the ZTE Source will be the latest budget-friendly smartphone to be added to its “affordable” lineup of Android-powered devices. The Source will launch on Sunday, October 20, and the U.S. carrier will hold exclusivity over the handset at launch.

The Source packs a 4.5-inch IPS display with a resolution of 480 x 854, a 1.2GHz dual-core Snapdragon processor, 1GB of RAM, 4GB of internal storage (not expandable) and a 5-megapixel rear-facing camera, which is capable of recording video in 720p.

The handset will ship running the stock version of Android 4.1 Jelly Bean, and is not expected to receive an upgrade to either 4.2 or 4.3, which means users will not be able to enjoy many of the latest features the Android operating system has to offer, including multi-user support and lock screen widgets. However, in terms of affordable entry-level devices, the Source is quite a good little competitor.

You will be able to pick up the Source, from this Sunday, on any of Cricket’s unlimited plans which start at $45 per month, for unlimited calls, unlimited texts, 2.5GB of “full-speed data,” and unlimited access to the Muve music service.

Alternatively, if you don’t like the sound of entering into a contract, you can always grab the device on a pre-paid tariff for the one-time fee of $219.99.

• ViaAndroidCentral