Nokia 701 will be having faster graphics co-processor inside and the graphics memory inside will be four times more as compared to previous Symbian phones. The new graphics chip will accompanied by a 1 GHz processor for giving an excellent performance. There will be an eight megapixels camera having dual LED flash along with front facing camera for making video calls. This handset will come with eight gigabytes of onboard memory by default and you will be able to add up to 32 GB of memory through microSD cards.