The Nokia Lumia 530 is the cheapest Windows Phone device to ever hit the market. This budget-friendly smartphone offers a 1.2 GHz quad-core Qualcomm Snapdragon 200 processor and a 4-inch display with an 854 x 480 resolution.
The Lumia 530 offers a modest 512 MB of RAM and 4 GB of internal storage, which can be supplemented by up to 128 GB of additional storage via the microSD slot. The phone runs on the Windows Phone 8.1 operating system, giving users access to Cortana, Microsoft's alternative to Google Now and Apple's Siri.
The phone will be available in both single and dual SIM version, and will retail for only $114 before taxes. It is expected to be rolled out in August, but Nokia hasn't revealed which regions will get the phone first.