By Michael Oleaga / m.oleaga@latinospost.com (staff@latinospost.com) | First Posted: Jul 19, 2013 08:58 PM EDT

Nokia is expected to launch a number of new devices, ranging from feature phones to smartphones, according to a new report.

Citing "supply chain" sources familiar with Nokia, DigiTimes reported one of the devices is the Lumia 625. The report, which supports previous claims that the smartphone will be 4.7 inches, noted the Lumia device will get a price tag of $320.

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The Lumia 625 is expected to launch in the third quarter this year with the Windows 8 operating system.

As Latinos Post reported, the Lumia 625 was spotted with China's radio communications regulator TENAA, the country's equivalent to the U.S. Federal Communications Commission (FCC). A Nokia device was also seen in FCC documents with a similar design as the Lumia 625 but unnamed.

According to TENNA, the specifications of the Lumia 625 include a 4.7-inch WVGA display with Super Sensitive Touch. The Lumia 625 has 512MB of RAM and runs on 2,000mAh battery capacity for its 1.2GHz dual-core processor.

As Latinos Post reported on July 18, Nokia released its second-quarter earnings and revealed it has gained 7.4 million units of its Lumia brand. Nokia CEO Stephen Elop credited the success to the Lumia 520 due to the device becoming the "most affordable Windows Phone 8 product" and its performance in China, France, and India.

According to the DigiTimes report, the Lumia 625 is aimed to compete with the mid-range smartphone market.

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