New Android phones 2014: If you are a financially well-off individual and you just can't find anything to put your money into, why not buy a $2,500-worth of smartphone?

According to a report by GSM Arena, Gresso had done it again and has launched another smartphone to add to its small lineup of luxury phones. 

Dubbed as the Radical Black Edition, the Android-powered handset would be made out of pure titanium from the outside, which figures its super high price tag. 

However, on the inside, the Gresso-made smartphone can be compared to a $100 smartphone. The Gresso Radical Black Edition packs a 4.5-inch display with qHD (960 x 540) resolution, a quad-core CPU running at 1.2GHz, an 8MP primary camera with no signs of a front facing snapper. 

There is also a 32GB of internal memory and the freshest version of Android to ever be released this year- 4.1.2 Jelly Bean. 

In the report, the Gresso Radical Black Edition comes in three different color options - titanium, white and yellow gold. If you are interested in this device you better hurry as Gresso only made 100 units for each color option. 

For the past couple of years, we have seen the smartphone market boom. And during that sales revolution, manufacturers which offer cheap prices and quality handsets have gained the upper hand in terms of number of smartphones sold. While overall income would still be on the hands of Apple and Samsung, both heavyweights are slowly losing their ground against quality Chinese and Indian manufacturers. 

So it is really mind-boggling how such a phone maker such as Gresso actually is able to sell a $2,500 device with just those specs underneath. 

There are only a handful of people in this world which can actually afford a smartphone that can get you two MacBook Retinas, but is it too difficult to learn how to 'read' specs?