• A logo sits illuminated outside the Nokia pavilion on the opening day of the World Mobile Congress at the Fira Gran Via Complex on February 22, 2016 in Barcelona, Spain.

A logo sits illuminated outside the Nokia pavilion on the opening day of the World Mobile Congress at the Fira Gran Via Complex on February 22, 2016 in Barcelona, Spain. (Photo : Getty Images/ David Ramos)

Released in 2000, the original Nokia 3310 was released in 2000 and became one of the best-selling mobile phones in the world. The mobile phone is set to make a comeback with an attractive price tag.

Reintroduced 17 years after its debut, the new Nokia 3310 will retail at an average global retail price of $50.33. This is significantly less than the price of and the iPhone 7, whose starting price is $735.33, according to Mirror.

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Sold under license by the Finnish start-up HMD Global, the new Nokia 3310 is also a lot cheaper than the original version. With a global retail price of $158.36, the latter sold 126 million units worldwide but was phased out in 2005.

The launching of the new Nokia 3310 is one of the highlights of Mobile World Congress 2017, which was held in Barcelona, Spain, from Feb. 27, Monday, to March 2, Thursday. It was considered an excellent way to relaunch the phone brand of Nokia.

"The 3310 was the first mass-market mobile and there's a massive amount of nostalgia and affection for it," BBC News quoted Ben Wood from the technology consultancy CCS Insight as saying. "If HMD had just announced three Android devices they would have barely got a couple of column inches in the press, so the 3310 is a very clever move and we expect it will sell in significant volumes."

What consumers can expect from the new Nokia 3310 is its new colors and new version of the "Snake" game. It has a single camera that is restricted to two megapixels.

Since the new Nokia 3310 it only provides limited internet facilities, it is considered a feature phone and not a smartphone.  While it is powered by the S30+ operating system, it has slow data speeds as it only relies on 2.5G connectivity.

Users of the new Nokia 3310 can do web browsing but the phone's range of apps is much smaller than Android or iOS. Watch a review of the new phone here: