The Nokia 500 has just been announced as Nokia latest Symbian Anna smartphone. The new phone is based on the Nokia C5-03 specs-wise but refreshes some of the key features, retaining the reportedly affordable price tag.

The Nokia 500 has a 3.2-inch capacitive screen with 640 x 360 pixel resolution and there's a 5 megapixel camera on the back. Connectivity is covered by 14.4Mbps HSDPA and 5.8Mbps HSUPA speeds, Wi-Fi (no N support here), GPS, a charging microUSB port and a 3.5mm standard audio jack. There's 2GB of internal memory and a microSD slot for adding more storage.

The Nokia 500 comes with exchangeable back covers in different colors (two extra supplied with the phone). Much like with the Nokia N79 back in the day, the Nokia 500 changes its wallpaper automatically to match the color of the back cover you put on it.