As some of you may be aware, Value Walk, and as it happens I, wrote an extensive review of Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s new flagship photography phone earlier this week. In a nutshell, this write-up included an equal amount well-deserved praise for the camera and engineering of this phone along with criticisms of its price, AT&T Inc. (NYSE:T) carrier exclusivity, its price, and the fact that its a Window phone. For millions, AT&T exclusivity was not enough to keep them from selecting an iPhone for years when they had no other options despite a litany of complaints about the carrier repeatedly dropping calls for some time after it was released.


As mentioned in both the headline of this piece and the other linked above, AT&T Inc. (NYSE:T) and Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) did indeed launch its latest offering earlier today. The phone was offered for pre-order last week on July 16. It’s our understanding that every one of these orders will be filled today and to look at the AT&T website the item is still in stock. Presently, the only way to order the Lumia 1020 is through the website, but AT&T has suggested that the phone will be available in most AT&T Inc. (NYSE:T) stores later today. You may, however, not find the phone in your preferred color at each location. And this only if your preferred color is black, white, or yellow. These are the only colors that the phone is being produced to include.

Nokia / AT&T offer four options for purchasing

While there are only three colors available, there are four options for purchasing the phone from AT&T Inc. (NYSE:T). The phone is available at the full retail price of $649.99 with no long-term contract but rather a month-to-plan. The Lumia 1020 is available for $549.99 with a one-year contract, or considerably cheaper at $299.99 with the industry standard two-year contract. Lastly, the Lumia is available as part of the AT&T Inc. (NYSE:T) Next plan that not only allows the phone to be paid off in monthly installments, but also allows the phone to be upgraded (if available) once a year as long as you are still making payments.

The Lumia 1020 is equipped with a 41MP camera (the primary selling point),  a 4.5-inch display with a 1280×768 resolution. Powering the device is a  a 1.5GHz dual-core Qualcomm Snapdragon S4 processor with 2GB of RAM and 32GB of internal storage.