You seem to have missed the point entirely. If you want an Ubuntu Phone, then there are phones already available on the market. Supported models now, are LG Nexux 4 and Samsung Nexus Galaxy. But there are many more unofficial ports.
The reason for the Ubuntu Edge was never to win the market or anything like that. Canonical isn't a hardware company. The whole point was to create a phone that was much more powerful than any phone that could realistically be launched as a commercial product. It is supposed to be a means to try out _future_ hardware and to push all boundaries. Even a very low-spec smart-phone that you describe, would have to be much more expensive than comparable models on the market, simply because of the low number of devices that could be sold. If what you want is for Canonical to become a hardware company and compete with Samsung and Apple, then I don't think that's realistic. It's much better to attract existing manufacturers who are already in the hardware game.
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