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Nokia Lumia 625, a large-screen smartphone for the budget conscious

If you're looking for a large-screen smartphone but don't want to spend too much, Nokia may have you covered.

The Finnish phone maker unveiled Tuesday the Lumia 625, a 4.7-inch smartphone built for users on a budget.

Nokia said it will be available to users for about $290 before any carrier subsidies, which are common in the U.S. That's about half the cost of other smartphones with large screens.

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"The latest member of the Nokia Lumia family combines a big screen and high-speed 4G Internet access to bring a premium entertainment and communication experience at a very affordable price," Nokia said in a statement.

Besides the large screen and low price, the Lumia 625, which runs Windows Phone 8 operating system, uses a 1.2GHz dual-core Snapdragon S4 processor. The device comes with 8-gigabytes of storage and a 5-megapixel rear camera.

The Lumia 625, which will ship this summer or in fall, will come in orange, yellow, bright green, white and black color options.

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