Nokia announced two new Lumia phones last night, the Nokia Lumia 920 and the Nokia Lumia 820, the Lumia 920 being the flagship phone.
The Lumia 920 will come with a 8.7MP camera with Nokia PureView technology, the screen is a 4.5″ (1280 x 768) with PureMotion HD+ technology and it comes with Wireless Charging using Qi. Check out the PureView technology and PureMotion HD+ display on the Nokia Lumia 920 page for more information.
Earlier this morning, Microsoft announced Windows Phone 8 at the Windows Phone Developer Summit. Before I start, existing Windows Phone 7.5 (Mango) users will not be able to upgrade to Windows Phone 8 due to hardware differences and hence they will be getting a minor update dub Windows Phone 7.8 in a few weeks time that bring some changes to the start screen for existing users.
My summary of Windows Phone 8 from the summit: Hardware