The Android device, due out in September, will potentially beat rivals on price but will still face fierce competition, with Apple's highly anticipated 10th anniversary iPhone also expected next month and Samsung's Galaxy Note 8 set to hit the market next week

Nokia's come back with the new Nokia 8 handset

With a suggested price tag of around 599 euros ($703), the Nokia 8 undercuts Apple, which typically offers a stripped down version of its latest phones for a similar price but charges hundreds of euros more for memory and key features

New Nokia 8 phone targets surging demand for video-streaming

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nokia 8

Nokia's come back with the new Nokia 8 handset

New Nokia 8 phone targets surging demand for video-streaming