New reports claim that Nokia is currently working on the Nokia Lumia Phablet with a release date in September 2013 along with a lower-priced Nokia Lumia 920. The upcoming phone-tablet will reportedly sport a screen display size of 5.5-6 inches with a camera module comparable to the Nokia Lumia 925.

Other rumors point to an October release of the Nokia Lumia Phablet with another one arriving in February 2014 featuring an improved 16-lens Lytro style camera. Nokia has not confirmed or denied the reports on the new addition to their device line-up but the Finnish company is expected to compete against rival company Samsung that offers the Galaxy Note range.

A tipster revealed to "Nokia Power User" about Nokia's plan on releasing the lower-priced version of the Nokia Lumia 920 smart phone next to the Nokia Lumia Phablet. The cheaper Nokia Lumia 920 will be the competitor to another rival company, Apple, with its upcoming low cost iPhone model.

The lower-priced Nokia Lumia 920 will feature a 4.7-inch WXGA CBD AMOLED screen display and 8MP Carl-Zeiss camera with a maximum aperture of f/1.9 for optimal images even in low-lighting conditions in a thinner and lighter design comparable to the Nokia Lumia 720. However, the new Nokia Lumia 920 version will not include the Optical Image Stabilization (OIS) feature and the arrival of this low cost smart phone is expected to put an end to the 800 line of Nokia Lumias.

Aside from the upcoming Nokia Lumia Phablet and low cost Nokia Lumia 920 smart phone, the Finnish company prepares as well for the launch of the Nokia Lumia EOS. The device will be incorporated with the impressive 41MP camera and PureView technology with a scheduled grand appearance reported to take place on July 11 at a Nokia event in New York City.

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