The Nokia Lumia 720 may have the higher specification, but it's the entry-level Lumia 520 that is set to prove by far the more significant of Nokia's twin Windows Phone 8 arrivals at Mobile World Congress 2013 in Barcelona.
That's because it's been tagged with an ultra-aggressive SIM-free price tag of just €139 (£120) before tax, boldly going where no Windows Phone has gone before when it comes to affordability.
Nokia's strength in global markets – both established and emerging – and its popularity as an “everyman” option is largely what got it to the top of the food chain in the first place, and it's clearly what attracted Microsoft to hand over preferred partner status in its Windows Phone adventure.
And the Lumia 520 represents either the best chance to bring all that together, or the last chance, depending on how you look at things. Either way, it's set to be the cheapest Windows Phone 8 device yet, and the most aggressive attempt to sweep some of the fast-growing budget smartphone market share in Nokia and Microsoft's direction and away from the masses of Android rivals.
The key specs are as you'd expect from an entry-level phone: a dual-core 1GHz Snapdragon processor, a 4in 800 x 480 IPS display, 8GB of expandable storage, plus the same colourful range of interchangeable cases we've seen elsewhere in the Lumia range.
So far that's not much different to the higher-end Lumia 720 also announced today. Where the Lumia 520's budget leanings show, however, is in the lack of wireless charging support, the more basic display and a stock 5MP camera rather than the PureView sensibilities of the Lumia 720. At 1,430mAh, battery capacity is also seriously reduced.
The Nokia Lumia 520 is expected to start shipping in March but only in Asia, with a wider rollout to follow in due course. Expect more specifics, including the all-important final price, in the weeks and months to come.