Oppo has quietly listed a new addition to the R7 family, and it now includes the brand new R7 Lite. Identical to the R7 on the outside, the Lite brings a few hardware downgrades, and a due price reduction.
The most readily noticeable change is the display resolution, which is 1,280x720 pixels for the Lite, compared to the R7's FullHD. At 294ppi, the pixel density is still okay, and it is again an AMOLED panel. RAM has been reduced to 2GB, and that's about it.
You still get the Snapdragon 615 chipset, 16GB of built-in storage, which can be expanded, and the 13MP/8MP camera combo. A VOOC charger is in the bundle too, to fill up the same 2,320mAh battery.
Oddly enough, the R7 Lite comes with an Android 5.1-based build of Color OS 2.1, while the regular R7 was launched on KitKat, and is still waiting for a Lollipop update. So the Lite actually has the upper hand here.
Although Oppo's official online store Oppostyle.com doesn't list the R7 Lite just yet, the smartphone has shown up on an Indonesian retailer's stock. The R7 Lite is listed at IDR 4,999,000 ($280), whereas the R7 is IDR 3,999,000 ($350).
Meanwhile, Oppo sells the R7 for €350 in Europe or $400 in the US and the rest of the world. So the R7 Lite could be expected to cost €280 in Europe and $320 elsewhere, when it makes it to more markets.