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lumia925Nokia is out with another smartphone, this time with a big screen and lower price tag.

The handset maker introduced the Lumia 625 today, it’s biggest Lumia Windows Phone to date at 4.7 inches. The 625 also comes with 4G connection and 8GB of memory.

The new device will hit shelves next quarter in China, Europe, Asia-Pacific, India, Middle East, Africa and Latin America and will sell for 220 euros ($290) in Europe. The 625 isn’t Nokia’s first budget Lumia device — it unveiled the smaller 620 last winter.

This unveiling comes two weeks after Nokia debuted the 41-megapixel Lumia 1020, which came after T-Mobile announced details for the Nokia Lumia 925, the carrier’s first 4G LTE Windows Phone.

As part of its quarterly earnings report posted last week, Nokia showed it is still losing money, but at a smaller scale. Shipments of Lumia devices reached 7.4 million units in the second quarter (up from 4 million units in the same quarter a year ago), which has helped Microsoft reach a milestone in its effort to become the clear No. 3 player in the global smartphone market, behind Android and iOS.

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