Seems that latest PR1.1 update for Lumia 920 has really done what it was intended to do, make the Lumia 920’s PureView camera excel in daylight imaging as well. So, “Tech2” has pitted Lumia 920 against iPhone 5 and done an extensive imaging shootout. It is great to see that Lumia 920’s camera is now capturing more details than iPhone 5’s camera even in daylight, and the reviewers rate its white balance adjustment much better than iPhone 5. In Low light situations¬†as always, there is no comparison at all. Here is their conclusion,

This quick shootout proves that the PureView camera can indeed deliver under almost any condition. This makes it quite a potent option for those looking at serious photography from their smartphones.

Thanks @easycapexpertti for the Tip. Cheers !!