I am Chinese so I think my design counts.
If I am going to design a phone, I am going to have Window 8/ubuntu dual boot on it with a quad core AMD APU, 4GB system RAM, proprietary micro DDR3 upgradable to 16GB. Capable of playing 1080p 3D video with mini display port output.
6 inch 1920x1080 glassesless 3D, tempered glass screen, brushed aluminium case, where some area is bumpy to act as cooling surface, for even heat distribution and dispersal Enlarged rubber rounded corner for drop protection. Dock for expansion function and extra ports (sata II, pcie 3.0, usb 3.0, lightpeak- the real one with FO not copper, gigabit LAN), and patented mechanism to clamp the phone's case for external heatsink and fan cooling, lightpeak (the real FO connection, not the slow copper Apple current have) interface to pcie 3.0 x16 physical, electrical and bandwidth for hybrid crossfire or dedicated gpu. Bios unlocked for overclocking!!
GPS, dual sim, 4G, wifi n, bluetooth 3.0, usb 3.0, multi-touch screen, dual 12MP camera with xenon and LED flash on back, dual 2MP on front + LED for taking HD 3D pictures, video and conference. Voice recognition, 3 axis motion sensor supporting tab/vibration control and auto screen orientation, ambient light sensor. Stylus pen snug into body.
64GB ssd for storage support up to 2 micro SDXC card in raid 0, 1 and 10 (major software and controller needed here to give raid support), 2.1 speaker, 3.5mm audio jack. Wireless recharge and removable carbon nano tube battery.
Certified with International Protection Rating in the highest possible level in dust, liquid, impact and drop test.
Imagine that and sell for $199. This phone is so dreamy!