Ending the slew of rumors surrounding its newest flagship phone for carrier Verizon, Nokia has finally announced the Lumia 928 Windows 8 phone.

Among the touted features include the PureView camera, an 8.7 megapixel rear-facing camera, optical image stabilization and better low-light outputs.

TechCrunch reports that there are many viable features that were taken from the Lumia 920, such as the wireless charging , NFC technology, a 4.5-inch display, ad 1280x768 display resolution.

There are key differences, according to Gizmodo, such as the OLED display to replace the ClearBlack version on the Lumia 920, as well as the new Xenon flash, which is still for the improvement of the Lumia 928's camera. But as a whole, the Lumia 928 may be the photo enthusiast's Lumia 920.

Release date and price tag

Those who want to get their hands on the Lumia 928 can look forward to this week as the release date has been pegged for May 16. It' an exclusive Verizon device, and will be sold in white or black versions for $99.99 with a $50 mail-in-rebate and a two-year contract, reports The Verge.

Tomorrow, May 14, Nokia may still reveal more plans regarding the Lumia flagship phones. It may not be a surprise for them to reveal the apps and other features that updates on the phone will include.

It was reported before that more apps are coming to the Windows 8 phone, led by the possibility of Instagram finally making its debut on the OS.

A demo of Lumia 928's camera prowess

With the official announcement of the phone already in order, the next steps would be the promotion of its star feature.

Phones review reports that Nokia did just that with the release of a promotional video that acclaims the feature in its grandeur.

The video was shot entirely using the Nokia Lumia 928, and the clarity is astounding despite the varying lighting conditions. The details in the video are exquisite, considering how this is still a smartphone camera being used.

In a way, the Nokia Lumia 928 is really one for those with a creative drive, in the sense that its major feature is really useful for those who want such luxuries. Compared to its predecessor, the only concrete change that the device went through is the addition of a killer camera and a sleeker make.

Watch the demo for yourself to see if the Lumia 928 qualifies for its niche standards.

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