OnePlus' latest cheap phone launching in North America is the "OnePlus Nord N200 5G." The phone is a follow-up to the $180 Nord N100 from last year, and with OnePlus' customary yearly price increases, the N200 is up to a still-dirt-cheap $240.

Considering the $240 price, it sounds like you're getting a pretty capable entry-level phone. The phone has a 6.49-inch, 90 Hz 1080p display; 4GB of RAM; 128GB of storage; and a 5000 mAh battery with 18 W charging. The pictures show a side fingerprint reader, a USB-C port, and a headphone jack. The SoC is a Snapdragon 480, an 8 nm, eight-core SoC with four ARM Cortex A76 cores and four A55 cores.

The phone (and those specs) are official today, but for some reason, OnePlus isn't releasing a full spec list. For that, leaker Evan Blass fills in the blanks. Blass says the phone will have a 2400×1080 LCD, NFC, a microSD slot, and sub-6 GHz 5G support (not mmWave), which is expected at this price point. Blass' specs also fill in the details on the rear camera lineup, which features a 13MP main camera and two 2MP "Macro" and "Monochrome" cameras that we're going to call "purely decorative." Phone manufacturers think multiple cameras are an important selling point for phones, even if the additional cameras do almost nothing.

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The leaked specs put the phone on Android 11. The Nord N100's update policy was pretty bad; the device got one major OS update and two years of semi-regular (not monthly) updates. OnePlus has not said anything about improving that schedule for the N200, so we're likely getting the same policy here.

As far as the competition goes, the cut-off point for any cheap phone is $350, since that's the price of the excellent Pixel 4a with three years of updates. Below that, there is a place for a good $240 device, but you get a lot more for $110 more.

The Nord N200 5G goes on sale in the US and Canada on June 25. Besides availability on OnePlus.com, T-Mobile is the exclusive wireless partner on the main service and the "Metro" prepaid plans. Best Buy, Amazon, and B&H will also carry the phone.