The flagship Windows Phone 8 handset runs off a 1.5GHz Dual Core Snapdragon S4 processor with 1GB of RAM, and comes with powerful camera hardware on board.
Nokia's PureView imaging technology is built-in, along with a camera packing Carl Zeiss optics and a 8.7-megapixel sensor. Floating lens technology provides advanced image stabilisation for composing high quality photographs.
"Nokia PureView continues to deliver cutting-edge technology to make it possible for a smartphone camera to take the kind of images usually only seen on a standalone SLR camera," said Jo Harlow, executive vice president of Nokia Smart Devices.
"With the Nokia Lumia 920 we have made it possible to shoot pictures and video at home, outdoors, in a restaurant or even at night, and come out with professional-looking results."
The Lumia 920 features a 4.5-inch curved display made of a black glass that eliminates glare when exposed to sunlight. Technology dubbed Nokia PureMotion HD+ offers a resolution "greater than high definition" for blur-free scrolling.
Other features include built-in wireless charging, with users able to power up their handset by resting it atop of a charging plate. Through partnerships with companies including Coffee Bean & Tea Leaf and Virgin Atlantic, charging plates will appear in various public places.
Nokia's new smartphone is powered by a 2000 mAh battery, which the company claims will offer more than 30% more run time than those found in rival quad-core smartphones.
In terms of storage, the handset comes with 32GB mass memory, plus users have access to 7GB free SkyDrive space.
Software features include an advanced mapping experience with "true offline maps" and turn-by-turn navigation through deep integration with other services such as Nokia Drive and Nokia Transport.
Nokia City Lens also comes pre-installed, allowing users to discover information about their surrounding area by scanning it with their camera and taking in the annotations the handset provides.
The Nokia Lumia 920 will be released later this year.