Nokia’s new Lumia 625 is not quite a “phablet” by today’s standards, though it would have been considered a phablet as recently as one year ago. It still represents Nokia’s largest Lumia phone to date, however, and it is now official. Nokia took the wraps off its new Lumia 625 on Tuesday and it will position the new handset as a remarkably affordable mid-range device. Spec highlights include a 4.7-inch WVGA display, A 1.2GHz Snapdragon S4 processor, 512GB of RAM, 8GB of memory, microSDXC support, 4G LTE and a 5-megapixel camera. The Lumia 625 will retail for €220 before any subsidies and it will debut in China, India and elsewhere in the coming months. No U.S. launch plans have been announced at this point. A video showcasing the Lumia 625 follows below.