For the first quarter, both models will go on sale in Hong Kong and Vietnam, with the 720 also available in Singapore. Nokia will release the phones in other regions in the second quarter, including other parts of Asia (particularly China and India), Europe, Latin America and Africa in the second quarter.
CNET describes the Lumia 720 as a 920 “light” with its simpler, but slightly higher-end level of hardware.
Nokia price strategy
Speaking of Nokia, it seems that the company may be working to become competitive in the Chinese market. CNET predicts that this may be Nokia’s direction since it has struggled to jump into Lumia Windows Phone devices and maintain its hold on the traditional cellphone market. China’s new title as the world’s largest smart-phone market (which it took from the US recently) makes it even more appealing to Nokia.