Nokia debuts $300 Lumia 1020 cameraphone

Nokia is betting that consumers will pay a premium price for its new Lumia 1020 smartphone, which features a 41-megapixel camera, when AT&T puts it on sale for $300 on July 26. At a media event Thursday, Nokia Chief Executive Stephen Elop predicted that phone buyers will pay $100 more than the going rate for high-end handsets because they will be able to tote just one device. He said Nokia will eventually port the camera's technology to other devices. Elop also predicted that Nokia will survive as an independent phone-maker, saying in an interview that, "If we keep executing well and keep delivering, then our future can be quite bright."

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