With cut throat competition and dropping prices users have plenty of good choices for buying smartphones this holiday season. Readers who are considering the Nokia Lumia 1020 or the Apple iPhone 5, here is a specs and price comparison in Australia.

Display and Design:

The Nokia Lumia 1020 comes with slightly bigger 4.5 inch AMOLED capacitive touch screen, rendering 768 x 1280 pixels resolution. The Apple iPhone 5 comes with a 4 inch LED-backlit IPS LCD capacitive touch screen, rendering 640 x 1136 pixels resolution.

The Nokia Lumia 1020 comes with 130.4 x 71.4 x 10.4 mm dimensions and weighs 158 grams. The iPhone 5 comes with 123.8 x 58.6 x 7.6 mm dimensions and is comparatively lighter, weighing 112 grams.

Hardware and Operating System:

The Nokia Lumia 1020 is equipped with a 1.5 GHz dual core krait processor and Qualcomm MSM8960 Snapdragon chipset. It comes with 32GB of internal memory and no Micro SD slot for additional memory.

The iPhone 5 is equipped with a 1.3 GHz dual core swift ARM v7 based processor and Apple A6 chipset. It comes in 16GB, 32GB and 64GB internal memory variants and no Micro SD slot for additional memory.

The Nokia Lumia 1020 runs on the Microsoft Windows Phone 8 operating system, which can be upgraded to WP8 Amber. It has 2GB of RAM. The iPhone 5 runs on the iOS 6, which can be upgraded to the iOS 7. It has 1GB of RAM.

Camera:

The Nokia Lumia 1020 sports a whopping 41MP primary camera with features like optical image stabilization, auto/manual focus and LED flash. The secondary camera on the device is 1.2MP.

The iPhone 5 sports an 8MP primary camera with features like autofocus and LED flash. The secondary camera on the device is a 1.2MP camera.

Battery:

The Nokia Lumia 1020 comes with a non-removable Li-Ion 2000 mAh battery, which allows users a talk time of about 13 hours and 20 minutes on 3G or music play of about 63 hours. The iPhone 5 comes with a non-removable Li-Po 1440 mAh battery, which allows users a talk time of about 8 hours on 3G or about 40 hours of music play.

Readers, who are considering the Samsung Galaxy S4 or the Sony Xperia Z, click here to read the specs and price comparison between the two devices in Australia.

Price in Australia:

The Nokia Lumia 1020 4G LTE variant is priced around AU $689.95. The iPhone 5 16GB variant is priced around AU $779.95, the 32GB variant is priced around AU $789.95 and the 64GB variant is priced around AU $899.95 in Australia.