Finnish smartphone maker Nokia has a slew of Windows Phone smartphone offerings like the Lumia 920, Lumia 820, Lumia 620, and Lumia 510 to name a few, which cater to all budgets. Now, the company has launched the Nokia 505 in Mexico and a video of the phone's unboxing has popped up online on YouTube.

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Nokia announced the budget friendly Lumia 505 earlier in December 2012 and the device is exclusive to Mexican carrier Telcel. The Lumia 505 is a variant of the low-end Lumia 510.

Making carrier-specific variant of its Lumia smartphones is not new for Nokia. The company made the Lumia 810 and the Lumia 822 variants of the Lumia 820, for T-Mobile and Verizon, respectively.

The Lumia 505 unboxing video on YouTube is courtesy the Mexican carrier Telcel. The 6-minute long video shows the new phone in action, along with all the accessories that come in the package.

The Lumia 505 packs in a 3.7-inch AMOLED display, an 8-megapixel rear-facing camera (which does not boast Carl Zeiss technology), a 1300mAh battery, and 4GB of on-board storage. The Lumia 505 runs on Windows Phone 7.8 and comes with 256MB of RAM.

There's no front-facing camera on this device, which is surprising, considering that these days even entry-level smartphones feature front-facing camera for video chats.

The Lumia 505 is priced at 3,499 Mexican pesos (approximately $277) and is available in red, black, and pink.

Check out the Lumia 505 in action in the video below.

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