Nokia Italy and Nokia Germany are preparing the availability of the Nokia Lumia 920 and 820 Windows Phone 8 devices. The price and release date for both these handsets have been announced in a recent press release.

The Lumia 920, which is the higher-end handset, will cost EUR 599 (~$772) at launch in Italy, while in Germany, the handset will be EUR 50 more expensive. The Lumia 820 will cost around EUR 499 (~$643) at launch; in Germany, the price remains the same.

Below is a rundown of how the Nokia Lumia 920's pricing compares to the competition.

Prices in Italy:

• Apple iPhone 5 (32GB) - £599
• Samsung Galaxy Note II (16GB) - £530
• Nokia Lumia 920 (32 GB) - £499
• Samsung Galaxy S3 (16GB) - £480
• HTC 8X - £399
• HTC One X - £390

Prices in Germany:

• Apple iPhone 5 (16 GB) - £679
• Apple iPhone 5 (32 GB) - £789
• Samsung Galaxy S3 (16 GB) - £699
• Samsung Galaxy S3 (32 GB) - £729
• Nokia Lumia 920 (32 GB) - £649

Nokia's Lumia 920 generally comes out on top in the pricing comparison, bested only by the HTC 8X Windows Phone 8 device and the HTC One X Android-powered smartphone.

Both the Lumia 920 and 820 are expected to go on sale in mid-November.