New Nokia Lumia 620 revealed

Nokia has announced a new addition to its Lumia line of smartphones. The Lumia 620 is being positioned as a budget Windows Phone 8 handset and “offers a more fun, youthful appeal, and compact design,” according to the Finnish mobile manufacturer.

"With its innovative design, the latest Windows Phone 8 software and signature experiences from Nokia, like Nokia lenses, Nokia Maps and Nokia Music, the Nokia Lumia 620 is a highly competitive smartphone at this price point," expanded Nokia Smart Devices' executive vice president, Jo Harlow.

It sports a 3.8in display, 1GHz dual-core Qualcomm Snapdragon S4 processor, 512MB of RAM, as well as NFC connectivity. Much like its sister devices – the Lumia 820 and 920 - the new phone will also incorporate Nokia's proprietary lenses technology in its VGA front-facing and five-megapixel cameras.

The Lumia 620 will also boast a new customisation utility for its shell. The 'dual-shot colour technique' allows for a layer of coloured, transparent or translucent polycarbonate to be placed on top of a base, resulting in secondary colour blends and depth effects.

This feature will be supported by seven different exchangeable shells including lime green, orange, magenta, yellow, cyan, white and black.

The phone is set for an early 2013 release and will cost $254 (£154 as a translation but UK prices have yet to be confirmed) which could make it comparable with the LG Nexus 4 - at least in pricing.

"We continue to execute on our strategy to reach new audiences and new markets," added Harlow.