It’s been rumored for some time now that T-Mobile was gearing up to release a low end mobile phone called the Prism. Well, Today they took the veil off of the Prism and we have the specs and run down for you. The Prism features a 3.5″ HVGA display, a 3.2 megapixel fixed focus camera, and it’s running Android 2.3 Gingerbread. Now the specs aren’t anything to brag about, but the phone is a low end phone. The one thing that is unknown is what CPU the phone is running on. There were recent rumors that it is running on a 600MHz processor, we know, advanced stuff! The phone isn’t expensive though, as we said it is a low end phone, and what more could you expect from a $20 phone (with contract). The phone is manufactured by Huawei, who are new to the phone market but picking up traction in the race very quickly. If you’re looking for a cheep, decent, but not extravagant phone, say for a grandparent or a child this is where to put your money. Or if you are running on a low budget this is probably your best phone. So while it is a low end phone, it’s not something to write off as a terrible phone we’ve seen much worse (those Kin phones from Microsoft).

The press release:

T-Mobile Introduces Its Latest Budget-Friendly Smartphone: T-Mobile Prism

Built for first-time smartphone customers, the new Android device is expected to be available starting May 6.

BELLEVUE, Wash., – May 2, 2012 – T-Mobile USA, Inc., today announced the upcoming availability of the T-Mobile® Prism™, the latest budget-friendly option for cost-conscious consumers looking for their first smartphone. The T-Mobile Prism will be available to T-Mobile customers through flexible pricing options, including no annual contract paired with a T-Mobile Monthly4G™ plan or paired with a two-year T-Mobile Classic or Value plan.

Powered by Android™ 2.3 Gingerbread and featuring a 3.5-inch HVGA touch screen, the new 3G smartphone enables T-Mobile customers to easily surf the Web, access their favorite social networking sites and choose from thousands of applications to download from Google Play. The T-Mobile Prism also makes it simple to capture and share photos and videos via its 3.2-megapixel camera with digital zoom and video recorder. With the T-Mobile Prism, customers can sync multiple email accounts, including Microsoft Exchange, Google calendar and contacts, T-Mobile contacts, and more.

The T-Mobile Prism is expected to be available at Best Buy starting May 6, at Walmart starting May 9 and available nationwide at T-Mobile retail stores, online via www.T-Mobile.com and at select dealers beginning May 23. The T-Mobile Prism is expected to cost $19.99 after a $50 mail-in-rebate card with a two-year service agreement and qualifying Classic voice and data plan or $149.99 via no annual contract.