Nokia 700 comes with 3.2″ 640x360px ClearBlack AMOLED display, 5 megapixel camera and 2GB of internal storage. Nokia 701 has 3.5″ 640×360 IPS LCD, 8 megapixel camera with dual LED flash, 8GB of built in memory and microSD card slot. Both handsets are equipped with 1GHz ARM 11 CPU, NFC chip, GPS, Wi-Fi , compass, accelerometer and al other stuff modern smartphone should have.
The 700 is available for preorder in the UK for prices ranging from 259 to 279 pounds , while the 701 will probably be a tad more expensive, considering the better specs .
source:Unwired View