Facebook page of Guerrero MÃ³vil has posted an image of a new Nokia Lumia Windows Phone device. As you can see above, the name was mentioned as Lumia 505. Winp.cn have confirmed the existence of the device by the recent Wi-Fi certification. Lumia 505 (RM-923) will have a 8MP camera and should run Windows Phone 7.8 going by Nokia’s naming conventions.
Nokia Lumia 510 is currently the lowest cost Windows Phone device available right now and Lumia 505 specs should be 3.5 – 4 inch WVGA display, 800 MHz single-core processor, 256MB of RAM, and 4GBÂ of internal memory.