The Lumia 520 has to make do with a smaller, garden variety LCD (no ClearBlack) and an inferior imaging package. The wide aperture lens of the Lumia 720 had to go, too, while the LED flash and the front-facer went with it. The battery is of lesser capacity too but other than that, we're looking at two very similar packages priced some way apart. And we do think the actual price cut is well worth the features that got slashed.

Key Features :

Quad-band GSM/GPRS/EDGE support

Quad-band 3G with 21 Mbps HSDPA and 5.7 Mbps HSUPA support

4.0" 16M-color IPS LCD display of WVGA resolution

5 megapixel autofocus camera with 720p@30fps video recording

Windows Phone 8 OS

1 GHz dual-core Krait CPU, Adreno 305 GPU, Qualcomm MSM8227 chipset, 512MB of RAM

Wi-Fi 802.11 a/b/g/n, dual-band

GPS receiver with A-GPS and GLONASS support

Free lifetime voice-guided navigation (with a twist)

8GB of inbuilt storage, expandable via a microSD card slot

Active noise cancellation with a dedicated mic

Built-in accelerometer and proximity sensor

Standard 3.5 mm audio jack

microUSB port

Bluetooth v3.0 with A2DP and EDR, file transfers

SNS integration

Xbox Live integration and Xbox management

Nokia Music

Extremely competitive pricing

Main Disadvantages :

Common LCD lacks the punch of CBD

A few prominent apps still missing, some apps incompatible due to 512MB RAM

No FM radio

No front-facing camera

No LED flash

No system-wide file manager

No lockscreen shortcuts

Voice-guided SatNav license limited to a single country

Nokia has rolled out a few devices of proper flagship pedigree since going all-in with Redmond, but the Finns must see plenty of awareness-raising value in devices like the Lumia 620 and 520. And we can't help but be impressed with the fact that the Lumia 520 shapes up to be the cheapest of them all at launch - considering it's the only one of the three powered by a couple of Krait cores.

Of course there're things missing but if you can live without an FM Radio and a front-facing camera, the Lumia 520 is an extremely tempting package. We don't think the 512MB of RAM is as big a disadvantage as it was for the clearly more costly Lumia 720. The screen isn't particularly impressive but the thinking must've been that potential users would care more about being able to use it with gloves on than the actual image quality.