Earlier last week the Lumia 505 was leaked and today Nokia Mexico officially announced the device. The device will be the cheapest Lumia device ever and will pack a pretty weird hardware combination. It will be running Windows Phone 7.8, a 3.7" WVGA AMOLED screen, an 8MP camera, 256MB of RAM, a 1GHz single core processor, 4GB of non expandable storage, and a 1300 mAh battery. Pricing for this device is yet to be known but it will come first to the Telcel network in 3 different colors; black, pink and red.
Source: WMPoweruser & Nokia
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Source: WMPoweruser & Nokia
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