The LG Optimus G for Sprint just got a substantial price cut on Amazon, selling for just $0.01 on a two-year contract for new and renewing customers.

The LG Optimus G was previously this cheap only for new customers, but now the deal is apparently open for all interested shoppers, whether it's for a new line of service or not.

The handset hit the Sprint 4G LTE network in early November 2012 as a sleek, slim smartphone with a nearly non-existent bezel surrounding the display. While it was quickly overshadowed by more powerful rivals such as the HTC One and the Samsung Galaxy S4, the LG Optimus G still has plenty of goodies to offer.

The handset packs a Snapdragon S4 Pro quad-core processor and 2GB of RAM under the hood, offering a quality performance while multitasking. The Sprint smartphone Amazon lists for just $0.01 currently runs on Android 4.0 Ice Cream Sandwich (ICS). The Sprint LG Optimus G also sports a 4.7-inch WXGA touch screen, a 13-megapixel camera, 1080p full HD recording, uploading and playback, and supports LTE connectivity, NFC with Google Wallet, enhanced video conferencing and HD voice, among other neat features.

The LG Optimus G also comes standard with Sprint Professional Grade features such as device management, enhanced security and Exchange Active Sync/ PIM capabilities. Other features of the Android handset include Bluetooth, Google Apps synchronization and a full HTML browser.

In terms of connectivity, the LG Optimus G can also serve as a 3G/ 4G LTE mobile hotspot with 802.11 b/g/n Wi-Fi. Full Google integration will give users access to turn-by-turn directions with Google Maps. Gmail, GTalk, YouTube, Google Calendar and other such useful apps are also on board. The smartphone measures 5.19 x 2.71 x .33 inches and weighs in at 5.11 ounces.

Although the LG Optimus G is not the best Android smartphone currently available on the market, the handset still has plenty of neat features to offer. Amazon's new price for the Sprint LG Optimus G aims to boost the handset's popularity, offering a capable device for just one penny on a two-year contract.