And this time I'm not exaggerating. For around $240 we are given this:
System: Android 6.0.1;
Screen: 5" 1080p, 2.5D;
SoC: Snapdragon 820 (4@2.15GHZ);
RAM: 3GB;
Storage: 32GB;
Cameras: 13/8MP;
Battery: 3500mAh;
Others: Dual SIM, fingerprint scanner, Quick Charge, VoLTE, USB 2.0 Type - C;
Size: 141.65×68.88×8.45mm;
Weight: 149g;
Price: $240.
In relation to standard version of Z2 we have less RAM (3 instead of 4GB) and storage (32 instead of 64GB) - second reduction is a bit painfull because lack of microSD slot but it's full Snapdragon 820 (with not reduced clock) for $240!
Source: gizmochina