Mid-ranged Windows Phone 8 device powered by dual-core 1GHz Qualcomm CPU.
Finnish mobile phone manufacturer Nokia has announced the Lumia 720 smartphone, a mid-ranged Windows-powered device.
The Windows Phone 8 device has a 4.3-inch ClearBlack LCD display with a curved glass and super sensitive touch that supports use with gloves. It's powered by a dual-core 1 GHz Qualcomm CPU and 512 MB of RAM.
A 6.7-megapixel camera is located on the device's rear; it features LED flash and supports 720p video recording at 30 frames per second. A 1.3-megapixel front-facing camera is also included.
The Lumia 720 is the first Nokia phone with both a unibody design and a microSD memory extension card slot, which supports up to 64 GB with 8 GB of internal storage included.
The device will be available for $330 in China during March, while a global launch will follow sometime during the second quarter of 2013.
This is their budget Win8 phone, not their flagship, so you can't expect the highest end CPU. However, what makes a good smartphone is not entirely about the CPU. Having a screen that is easy to read in sunlight is a big plus, having good reception and camera are also important. It is also a different OS than you are likely using, so you have no idea how well it performs its tasks based on the chip used.
I'd wait to see a review on it before making judgement.