Files, however, condense four or five pixels into one, and Nokia claims they are smaller than equivalent products from rivals.
A Carl Zeiss lens shoots in continuous focus HD video, at 1080p.
Mary McDowell, the firm's executive vice president for mobile phones, said the company's engineers had been working on the product "for years".
She said it was "natural" to assume that its technology would be used in other Nokia products in the future.
McDowell added that while the device was larger than its rivals, it was still sized to fit in pockets, rather than replace a full-size camera.
According to the report, the device uses a 1.3GHz processor, comes with 16GB of storage and runs a 4" screen at 360 x 640, which is below HD resolution.
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