LG Optimus One P500. LG is rolling out the Android 2.3 (Gingerbread) now rolling out for its popular LG Optimus One P500 smartphone. The LG Optimus One has been the best budget phone in the market since its release in November 2010 released at a suggested retail price of Php12,990. Today the Optimus One is being sold for as low as Php9,800. With a 3.2 inch TFT capacitive touchscreen display, a 320 x 480 pixel resolution, a 600MHz processor, 512MB of RAM, 170MB of internal storage, and 3.2MP auto focus camera, Wi-Fi 802.11 b/g, Bluetooth 2.1, a microUSB port and a built-in GPS transceiver with A-GPS support it is still the best budget Android nine months after release.