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CPU: MT6755
RAM: 4GB
Camera Front: 8.0MP

MT6755 :

The MediaTek MT6755 (or called Helio P10) has a high performing CPU, which includes octa cores ARM Cortex-A53 of 2GHz. Along with the ARM Mali-T860 MP2 GPU, MT6755 chipset is extremely efficient in multi-tasking. MT6755 will support the 1080p resolution on smartphone displays, along with support for a 21 megapixel camera sensor. Even the chipset might not support for recording 4K videos, smartphones running MT6755 chipset will still be able to record 1080p videos at a steady 30 FPS. View more details of MT6755 as below: 

CPU  2GHZ octa-core (8x ARM Cortex-A53) processor
GPU  ARM Mali-T860 MP2 GPU
Camera  Up to 21MP camera
Video  1080p Full HD video recording and playback at 30fps
Display  Up to Full HD (1920x1080)
Networks  Rel. 11, Cat. 6 LTE (FDD & TDD), DC-HSPA+, TD-SCDMA, CDMA2000 1x/EVDO Rev. A, EDGE
Wi-Fi  802.11n
Bluetooth  Bluetooth 4.0
Memory  LP-DDR3
Process Technology  28 nm HPC+

4GB :

RAM shorts for Random-Access Memory, and it is the memory where software resides while it is running, along with the data it is using. Both OS and application software use RAM. RAM is a type of memory that is very fast, but is volatile, meaning all information is lost when electric power is removed. For this reason, it is useful only for temporary storage of data that requires fast access. A device will typically have RAM and some kind non-volatile memory to store a copy of all software and data that needs to be kept the device is powered off or that specific software is not running. Devices with more RAM can run more complex software and/or more applications at one time.

Most high end smartphones will use as big as 4GB of RAM. Till now the biggest RAM is up to 6GB.

Common RAM examples: 512M, 1GB, 2GB, 3GB, 4GB, 6GB.