Nokia Unveiled This New Phone, in Case You Didn’t Notice

On a day of new tech unveilings dominated by Apple’s (NASDAQ:AAPL) special event, it might be easy to overlook the announcement made by Nokia (NYSE:NOK) Tuesday.

Luckily, we’ve got you covered.

With drastically less fanfare than Apple, Nokia introduced its new Lumia 510, a budget smartphone with a 4-inch screen that will be sold in emerging markets.

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The Lumia 510 will roll out in markets like India, China, South America, and Asia in November, and will hope to compete with similar low-priced Android phones that have enjoyed considerable recent success, particularly in Asia.

Most of the specs on the Lumia 510 are run-of-the-mill, as the objective is clearly to deliver a low-priced option.  The new phone will run the Windows Phone 7.5 OS, packs a pedestrian 800MHz Qualcomm (NASDAQ:QCOM) processor, and is the cheapest Lumia model to date. It is expected to be priced around $200.

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