Nokia’s Lumia 1020 will be unveiled during a press conference on Thursday and it is shaping up to be the most impressive camera phone you’ll never own. According to a report from UnleashThePhones.com, the new flagship Lumia handset will feature a 4.5-inch AMOLED display with WXGA resolution, a 1.5GHz dual-core Snapdragon processor, 32GB of internal storage (a 64GB model will reportedly launch as well), 2GB of RAM and a 41-megapixel camera with a xenon flash, optical image stabilization and six available lenses.

The 1020 sounds impressive indeed, but according to a report from Windows Phone Central, the handset will retail for a delusional $299.99 on contract at AT&T, or $699.99 off contract. This might be a fair price for a phone with such an amazing camera, but in a world where barely anyone is buying high-end Lumia phones at $99.99, the odds of Nokia finally breaking through with the Lumia 1020 are beyond slim.

BGR will be on hand covering Nokia’s Lumia 1020 press conference live beginning at 11:00 a.m. EDT, 8:00 a.m. PDT.

The Lumia 1020’s full rumored specs follow below.

Nokia Lumia 1020

  • Operating system – Windows Phone 8

Networks

  • GSM: 850 MHz, 900 MHz, 1800 MHz, 1900 MHz
  • WCDMA: 2100 MHz, 1900 MHz, 850 MHz, 900 MHz
  • LTE network bands 1, 3, 7, 20, 8
  • HSPA+ DL Cat 24, Dual Carrier 42.1 Mbps/UL Cat5.76 Mbps
  • Here Location and Mapping Service: Free global HERE Maps and HERE Drive+, free HERE transit available in the store

Memory

  • 2GB RAM, 32GB internal user memory, 7GB Skydrive cloud storage

Display

  • 4.5 inch AMOLED WXGA (1280 x 768) 2.5D sculpted glass Gorilla Glass 3, PureMotion HD+ ClearBlack, High Brightness Mode, Sunlight readability, Super sensitive touch for nail and glove usage

Processor

  • 1.5 Ghz dual-core Snapdragon (no word on which snapdragon processor though)

Camera

  • PureView 41 MP sensor with Optical Image Stabilization (OIS), Backside-illuminated image sensor, 6 lens optics, High resolution zoom 3x, Autofocus, Xenon Flash, LED for video, 1080p video at 30 fps, Includes Nokia Pro Camera mode and Nokia Smart Camera Mode.

Secondary Camera

  • HD 1.2 Megapixel wide angle

Size

  • 130.4 x 71.4 x 10.4 mm

Weight

  • 158 grams

Connectivity

  • USB 2.0, BT 3.0, NFC with SIM based security, WLAN a/b/g/n, A-GPS and Glonass, 3.5 mm audio connector

Battery

  • 2000 mAh battery, Wireless Charging supported via accessory cover

Audio

  • IHF speakers, 2 microphones, HD voice compliant, 3.5mm AV connector

Key Features

  • 41 Megapixel sensor captures the sharpest images with details never though possible from a smartphone
  • Nokia Pro Camera boosts creativity through simple and easy to user controls usually reserved for the expert photographer
  • Nokia Rich Recording delivers distortion free stereo audio in the loudest environments
  • Comes with the only fully integrated and true offline Global maps experience from the HERE location suite

Nokia original accessories

Nokia Camera Grip PD-95G:

  • Confidence to take the perfect shot
  • Built-in extra battery for longer usage
  • Ergonomic grip with a two-stage camera key
  • Universal tripod-mount

Nokia Wireless Charging Cover CC-3066:

  • Effortless Wireless charging is just a snap away
  • Enable wireless charging with form fitting Qi compliant snap-on cover

Colors

  • Yellow, White, Black

Operating times

  • Maximum talk time (3G): 13.3 h
  • Standby time: 16 Days
  • Video Playback time: 6.8 hours
  • Music Playback time: 63 hours
Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.