Nokia (NOK -3.7%) has unveiled the Lumia 510, a ~$200 (unsubsidized) Windows Phone 7.5 model aimed at emerging markets. The 510, which sports a 4" display, 5MP camera, and 800MHz. Qualcomm (QCOM) processor, is the cheapest Lumia model yet. But it's still more costly than many of the low-end Android phones that have been eating into Nokia's sales in emerging markets. Nokia and Microsoft have said they want to eventually offer $100 Windows Phones. (debt offering)
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