HP is reportedly looking to compete with low-cost Android smartphones like the Google Nexus 5 and the Motorola Moto X with a new handset called the Slate 6. The device is expected to feature a quad-core processor and dual SIM card slots, and could be priced at under $200.

It’s thought the Slate 6 will be aimed at emerging markets like China and India, but like HP’s other Slate devices, it could launch in the U.S. and Europe, too. The device has already received certification from the Bluetooth SIG, and it first appeared in benchmark tests last November.

Now PhoneArena has more information about the device. Their “tipster” claims the Slate 6 will feature a basic 1GHz quad-core Marvell processor, a 1280×720 (720p) display, and dual SIM card slots for managing two numbers simultaneously. It’s also expected to cost less than $200.

That blurry picture on the right, supposedly taken from an internal HP presentation, is the Slate 6 in the flesh — and the tipster claims this is “precisely” what the final design will look like.

It’s unclear when the Slate 6 might make its debut, but with Mobile World Congress 2014 right around the corner, we wouldn’t be too surprised if HP saves any announcements until then.

• SourcePhoneArena