The Lumia 530 will be priced at roughly $115 when it launches in August

The Lumia 530 was first outed earlier this month by EVleaks, but today is its official unveil party. The Lumia 530 replaces the Lumia 520 in Microsoft’s smartphone lineup, and is predictably a budget device with specs to match.
The Lumia 530 comes equipped with a 4” 854x480 display, 1.2GHz quad-core Qualcomm Snapdragon 200 processor, a miserly 512MB of RAM, 4GB of internal storage, and a microSD slot (can accommodate up to a 128GB microSDHC card). While the Lumia 530 features a 5MP rear camera (no flash included), it doesn’t come with a front-facing camera for video conferencing.

The Lumia 530 does, however, include Windows Phone 8.1 which means that it gets full access to all the niceties that the latest OS release brings including the Cortana personal digital assistant and support for virtual buttons (which the Lumia 530 includes).
The Lumia 530 is available in green orange, white and black, and will be priced at around $115 when it hits the U.S. market (single-SIM version). A dual-SIM variant will also be available and will be priced at roughly $134.

The Lumia 520 has been the most successful Windows Phone device to date, and Microsoft is looking to continue those efforts with the 530. With Microsoft’s somewhat odd Android-based X/X2 smartphones all but dead, the Lumia 530 will help the company unify its efforts (and resources) as it does battle with Android and iOS on the global smartphone stage.

Sources: Nokia [1], [2]

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