Earlier this year, Samsung unleashed a barrage of variations for its Galaxy S4 model, and it looks like it is going to release a cheap Samsung Galaxy Note as well. 

According to Korean website ETNews as cited by BGR, the Korean manufacturer is currently working on an entry-level version of its stunning Galaxy Note 3 phablet. 

In a report by tech website Android Community, the alleged cheaper version may feature more plastic parts, a 720p resolution LCD screen, and a slightly lower quality rear camera at 8 megapixels. 

Whether Samsung would use a flexible LCD is still a question, though it will be highly welcomed by consumers who want a budget-friendly Note phablet. 

Furthermore, the report says the rumored budget Note 3 will be 20-30 percent cheaper to manufacture, which could potentially cut a couple hundred of dollars from its retail price. 

While Samsung has yet to announce this variation of the Note 3, the report says there's a high possibility that it would be an exclusive for emerging markets.