The Nokia Lumia 928 is now available at Verizon Communications Inc. (NYSE:VZ) for $99.00 with a standard two-year contract. The new phone is available in store and online. For those purchasing their phone online, the phone will ship out on May 20.

Nokia Lumia 928

The new smartphone is smaller and sleeker than it’s predecessor the Lumia 920. This phone features an AMOLED Display, Carl Zeiss optics camera, digital high-performance microphone, unibody construction, scratch-resistant Corning Gorilla Glass 2 screen, Qualcomm Snapdragon Processor S4, and dual-core 1.5 GHz processor. It also features special applications including four great navigation apps HERE Maps, HERE City Lens, HERE Drive+, and HERE Transit.

It’s a nice smartphone that’s perfect for those who are looking for a budget-friendly handset. It’s also ideal for those who want the smartphone experience but don’t want Apple Inc. (NASDAQ:AAPL) or Android.

For those who want the phone but don’t want to sign up for a contract, they can purchase the phone for $499.99. This phone is exclusive to Verizon and it comes in just two color choices: black or white.

Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is a great phone if not the best. It should give Microsoft Corporation (NASDAQ:MSFT) more leverage in the smartphone market and provide a real alternative to the more popular smartphones. Despite the fact this phone never reached heights in popularity, it’s still a good phone.

The market for smartphones and mobile technology is a hard market to be in. The fact that Microsoft Corporation (NASDAQ:MSFT) and Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) have teamed up to create a quality product that’s embraced by many consumers is a good thing for these companies. Even more important, there are new phone models with significant improvements coming out with frequency. This is a very good move as Android and Apple Inc. (NASDAQ:AAPL) are releasing newer products on a frequent basis. In a market with a lot of competition, it’s important to stay on top of everything.