Newsflash: most smartphones cost $500 or more retail price. Nokia's Lumia 620 offers quite a few features for half that.
Nokia Lumia 620
Nokia set out to make an affordable phone for the global masses that doesn't strip out all the features. The Nokia Lumia 620 has a dual-core processor, an HD video camera, NFC, and Windows Phone 8's operating system. It'll cost just $249.