Nokia is really looking at tackling the low end market and is doing so with more Windows Phone devices. Enter the Nokia Lumia 510. This is a budget device to keep this in mind when you hear what this device is packing. The Lumia 510 packs a 4 inch WVGA screen (480×800), 5MP with an LED Flash, no FFC, 800 MHz processor, 4GB of non-expandable storage, and 256MB of RAM. It will ship with Windows Phone 7.5 but will be upgraded to Windows Phone 7.8 in the near future. It will come in 5 funky colors: Red, Blue, Black, Yellow and White. Watch the video about it below.