Nokia, moments ago, announced a mid-level phablet given the label Lumia 1320. Though not spec’d to the level of the also newly announced Lumia but it certainly may give more price conscious consumers another option in the burgeoning phablet marketplace.

The Lumia 1320 will be sold for $339 unsubsidized in China, Vietnam, other asian nations later in the year.

The 1320 will be available in orange, yellow, black ,and white.

Comes with all the newest apps available (Nokia Camera, Storyteller, NOkia Music).  As CEO Stephen Elop stated, this is a great phone at a reasonable price. 

Like the 1520 the 1320 sports a 6-inch display device without the higher price (but in turn lower specs).

Lumia Black software updates will be available in the Lumia 1520, 1320 first and available on other devices eventually.