The Finnish cellphone maker, which until recently was the world's largest maker of phones, says the new Lumia 520 will start at (euro) 139, or about $183, before phone-company subsidies. By contrast, Apple's two-year-old iPhone 4 costs $450 before subsidies.
Nokia says it will start selling the phone soon in Asia, Europe, Latin America and Africa. It also says T-Mobile USA will sell it, but did not say when.
At an event in Barcelona on Monday, Nokia CEO Stephen Elop says the company believes the phone ``delivers the best performance of any smartphone at this price point.''
