The Nokia Lumia 505 has been featured in an unboxing video on YouTube. Mexican mobile operator Telcel is the company behind the video and shows off what consumers can purchase for use on the network. The Windows Phone is exclusively targeted to Mexico and Telcel in particular. It's the sister to the Lumia 510, both are low-end hardware.
Nokia announced the Lumia 505 back in December and unveiled it would be launching in Mexico. The Windows Phone sports a 3.7” AMOLED screen, an 8MP rear camera (with no Carl Zeiss), the budget phone does not feature a front-facing camera for video calls. In addition, it has Bluetooth 2.1 and just 4GB of on-board storage, which may be a little tight for some. Rounding it out is a 1300 mAh batter and a weight of 131 grams.
While not the most advanced specifications for a smartphone, the device is running Windows Phone 7.8, but does come with only 256MB of RAM.
Source: YouTube; thanks, Andrey, for the heads up!