HMD Global Oy has finally announced the Nokia 8, the company’s first Nokia-branded flagship smartphone based on Google’s Android operating system. The handset was announced at en event in London, featuring some top-of-the-line specs one would expect froma flagship phone. That being said, it comes with a pretty hefty price tag.

In terns of specifications, the Nokia 8 gets powered by Qualcomm’s latest Snapdragon 835 octa-core processor bundled with Adreno 540 GPU. Two variants of handset have been announced – one with 4GB of RAM and 64GB of built-in storage while the other comes with 6GB of RAM and 128GB of built-in storage. There’s also a microSD slot to increase storage by up to 256GB.

Up front, the Nokia 8 packs a 5.3-inch QHD Always On display with a resolution of 1440×2560 pixels which amounts to a pixel density of 554PPI.

The highlight of the Nokia 8 is probabaly its dual-lens primary camera with Zeiss Optics. The smartphone features two 13MP lenses on the back coupled with laser and phase detection auto focus, OIS, along with support for 4K and Full HD video recording at 30fps. For selfies, the handset features a 13MP front-facing shooter. While juicing up all the hardware is a 3090mAh battery.

As far as connectivity goes, the Nokia 8 offers dual-band Wi-Fi, Bluetooth 5.0, GPS, GLONASS, as well as BDS support.

In terms of OS, the handset runs Google’s Android 7.1.1 Nougat out-of-the-box, but we expect it will be also upgradable to Android O – the next version of Google’s mobile operating system which is expected to release shortly.

Last but not the least, HMD Global announced that the Nokia 8 will carry a price tag of 599 Euros, which roughly translates to $705. That being said, phones tend to carry a slightly lower price tag in the US comapred to Europe, so it’s possible the price tag could end up closer to the $600 – $650 mark when the phone officially arrives here. As far as its US release goes, HMD Global hasn’t announced the handset’s pricing as of now, but we expect it to arrive Stateside in the near futire along with Asia Pacific markets.

The Nokia 8 will be available in both online as well as physical stores early next month. At launch, the handset will be offered in glossy blue and copper colours, along with matte blue and steel options.