Nokia (NOK 2.03%) isn't slowing down its pace of new phone introductions. Today, the company took the wrapping off its latest budget-friendly model, the 515. A traditional "brick" phone, the 515 is encased in an aluminum body fronted with polarized Gorilla Glass 2, with a keyboard made from hardened polycarbonate resin. It sees the world through a 5-megapixel camera with native editing features such as panorama mode. It has a 2.4-inch QVGA display and a microSD slot for cards up to 32GB.

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The phone has a thin profile at 11 millimeters (0.4 inches) in width. It is available in white or black, and in single and "Easy Swap Dual" SIM card models. According to Nokia, the single-SIM version's battery can stay alive for up to 38 days in standby mode.

The company said it will start shipping the 515 next month, beginning with Russia, Germany, Switzerland, and Poland. It will retail for roughly $149 before taxes and carrier subsidies.

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