Tesco will release a follow-up to its budget-centric Hudl tablet this year, the British supermarket giant's CEO has told BBC Radio 5 Live. Speaking with 5 Live's Wake Up To Money, Philip Clarke said the successor to last year's £119 slate will arrive in September, adding that the original had sold 550,000 units so far. This will be followed by a Hudl smartphone by the end of the year, Clarke said.

While the original Hudl was priced and specced to compete with other entry-level tablets, Tesco's smartphone might target the higher end of the market. BBC News reports that the Hudl phone's specs will be comparable to Samsung's Galaxy S5, but priced more aggressively.

The phone, like the Hudl tablet, will come preloaded with Tesco services as part of a broader ecosystem play. Clarke said Tesco plans to launch smartphone-based banking services in the near future, so it's likely figure prominently on the handset when it arrives.

Source: BBC News, Wake Up To Money