The first Smart phone from Nokia to come with a 1 GHz processor is simply called the ‘500’. Powered by Symbian Anna, the 500 has a 3.2-inch capacitive touch screen display and weight a mere 93g. it has 2GB of internal storage expandable via micro SD card(32GB supported), 3G, Wi-Fi and Bluetooth wireless connectivity. There is a 5MB camera that records videos too, but only in VGA resolution at 15fps. A highlight is the interchangeable back covers-the screen automatically changes the wallpaper to match the color of the back cover. Expected to launch towards October, the phone is price at a modest US$215.