iPod touch 64gb: $439
Lumia 520 72gb (8gb +64gb sd card) = $220
One has a phone.
I'm just sayin.
Edit: Australian prices.
You can use whole 64 GB for anything you want (yeah 59.x is usable) , Whole space for apps if u want and you can install 50 1-GB games
, In Lumia u can't use more than 6.x GB for apps or games.
iPod Touch can run all latest games and apps , its unbeatable device in that category especially for younger generation.
WP has very less games and apps as of now (This shouldn't actually be a competition because Most WP games are downgraded graphics like asphalt 7 which has no smoke effects or other games with lot of details missing)
Yes apps are arriving every week but still its a long way.
But comparing it to phone is not so fair.
As a Phone , I give WP heads up (Vs iOS especially all features like people's hub , easy integration , nice apps etc.) , but iPod Touch meant only for apps and games , no device can beat it regarding its function to serve
It has exact same screen of iPhone 5 which is one of the most accurate displays on the market (according to anandtech and displaymate analysis) compared to Lumia 720 screen.Its screen is comparable to Lumia 920.
I don't know why WP games are so rubbish (high end games) , with missing details , I hope developers work better for WP.
Yes its price is higher but its a great device for multimedia.