You have to give Nokia credit, even when not designing high-end, flagship phones they can nail the looks of a device. Such is the case with the recently announced Lumia 620, being billed as the "most affordable Windows Phone 8 device". Indeed coming in at USD $249 without subsidies is quite an accomplishment.

The site Phone Seven have got their hands on the device, which is being shown off today in Paris, and in a 9 minute video you get a nice tour of the budget phone...

The Lumia 620 features a 3.8” WVGA 800x480 screen that uses Nokia’s familiar 'Clear Black' polarising screen technology to reduce glare. It will also pack a Snapdragon S4 dual core CPU running at 1 GHz, so it's clocked a bit slower than other Windows Phone 8 handsets. The 620 will also have a base memory of 512MB RAM and 8GB of on-board storage. Thankfully it also has the option to increase storage by way of MicroSD cards of up to 64GB in size.

We're impressed and so is Wall Street as Nokia's stock has jumped to $3.75 a share, a gain of 9% since yesterday. Yowza. Thanks, Mika, for the tip!