A visitor checks a mobile phone under a Nokia logo at Mobile World Congress in Barcelona
A visitor checks a mobile phone under a Nokia logo at Mobile World Congress in Barcelona, February 16, 2009. REUTERS

Nokia is reportedly working on two new Asha handsets codenamed Pegasus and Lanai, according to new reports.

If the latest tweet from @evleaks is to be believed, the Finnish handset maker Nokia is prepping two new handsets which would come as Asha 502 and Asha 503. The handsets are expected to sport similar design language of Nokia's budget feature phone Asha 501.

"Nokia Pegasus / Nokia Lanai = Asha 502 / Asha 503 (doubleshot)," tweeted @evleaks.

In a separate report, Nokia fan website This is Nokia has put up the specifications of the upcoming phones - Asha 502 and 503. Citing an anonymous tipster, the website noted that Nokia Asha 502 aka Pegasus would feature a Polycarbonate Design with 3.2-3.5 Inch screen size. The report also suggested that the phone would flaunt a design which is slimmer and lighter than the Asha 501. Other features listed include 128-512MB RAM, 5MP Camera with Self Potrait shot, a processor which is faster than the Asha 50 1, dual SIM and 3G connectivity, and new Nokia Camera Apps for Asha.

On the other hand, the Lanai aka Asha 503 would sport a screen of 3.2 to 3.4-inches and would be powered by a 1-1.5GHz processor with a GPU. Like the first one, the Asha 503 is also expected to have 3G and dual SIM connectivity. Other details of the phone include PolyCarbonate with Glass Design and improved display.

According to the report, both the handsets are likely to see the light of the day in Q3/Q4 in 2013 and could come with Nokia SLAM Bluetooth transfer technology for faster sharing of files, pictures and videos.