Nokia took the wraps off its latest low-end Windows Phone today. Called the Nokia Lumia 505, it’s the sister phone of the Lumia 510 and it is making its way to Telcel in Mexico. The Nokia, which will be available in the coming weeks, sports a 3.7-inch AMOLED display with a 800 x 480 screen resolution and is “likely” powered by a single core chip. The handset is also supported by a 256MB internal memory and 4GB of on-board storage. Other features include an 8-megapixel rear-facing camera, Bluetooth 2.1 support, and a 1300 mAh battery. Do note that this phone is running Windows Phone 7.5 and cannot be upgraded to Windows Phone 8. The Nokia Lumia 505 comes in pink, black, and red.