ASUS has launched a new smartphone, dubbed the ASUS Pegasus X002 in China. The name Pegasus is the original inspiration behind the company's name ASUS. The company says "ASUS takes its name from Pegasus, the winged horse in Greek mythology that symbolises wisdom and knowledge,"

The dual-SIM ASUS Pegasus X001 features a 5-inch HD display and is powered by a 64-bit quad-core 1.5GHz MediaTek MT6732 processor paired with 2GB RAM and 16GB internal storage with microSD card support (upto 64GB). The handset runs Android 4.4 KitKat with ZenUi on top.

Camera features include an 8-megapixel rear camera with LED flash and a 5-megapixel front facing camera. Connectivity options includes 4G TD-LTE, Wi-Fi, Wi-Fi direct, GPRS/ EDGE, GPS/ A-GPS, Bluetooth 4.0 with A2DP, and Micro-USB. The handset is backed by 2500mAh Li-Ion battery.

The Asus Pegasus X002 comes in four colour variants - Black, White, Red and Gold. The handset is up for pre-orders in China for CNY 799 (Rs. 8000 ; $130). There is no word when the device will be launched in other markets.