After the failure of Nokia N97, Nokia is planning to make a comeback with its new budget touchscreen handset known as the Nokia 5230. The Nokia 5230 is being introduced into the market to compete directly with the iPhone 3G. It is not only stylish but also packed with some decent features. It will be available in range of colors including red, pink, blue, yellow, silver and dark silver.

Here are the details:

Network: Dual-band 3.6Mbps UMTS/HSDPA (850/1900, 850/2100 and 900/2100)
OS: Symbian S60
Display: 640x360 pixels touch display
Memory: 70MB
Camera: 2MP
Connectivity: HSDPA, UMTS, WiFi, Bluetooth, 3.5mm headphone jack
GPS: A-GPS, Digital Compass
Social Networking: Facebook, MySpace

The Nokia 5230 will be available contract free for 149 Euros ($213). A music edition of the device will also be available for 259 Euros ($370).

Checkout the Nokia 5230 video after the jump:

Read more of Nokia 5230: Smart, Cool and Affordable