According to a reliable source, Samsung's upcoming 'Lite' Smartphone (and we aren't talking about the Galaxy Note 3 Lite) will end up with a different name at the device's launch. We are talking about the Galaxy Grand Lite, which has been making rounds of the internet for the past few weeks. Samsung has renamed the value oriented offering as 'Galaxy Grand Neo' which to be honest sounds an awful lot better than just adding the word 'Lite' to a phone's name.
  Alleged specifications of the Galaxy Grand Neo include a 1.2 GHz quad-core processor with ARM Cortex A7 cores, 5-inch WVGA (800 x 480) resolution display and Android 4.3 Jelly Bean out-of-the-box.