Microsoft has confirmed that the Lumia 530 will cost just £60 SIM-free when it goes on sale in the UK on 4 September.
This is the cheapest price point at which any Lumia has entered the UK market. It is one of the first smartphones to run Microsoft’s new Windows Phone 8.1 operating system.
Employing a similar design to all other Lumias, the 530 will be available in a variety of colours, including bright orange, bright green and dark grey; the handset will be sold by EE, Vodafone, O2, Three, Phones 4u and Carphone Warehouse.
The Lumia 530 has a 4-inch screen with resolution of 845 x 480, is powered by a 1.2GHz quad-core Snapdragon processor by Qualcomm, and has a 5-megapixel camera. The phone has 512MB of RAM, 4GB of storage and a micro SD slot which accepts cards of up to 128GB.
Running Windows Phone 8.1 means the Lumia 530 gets Cortana, the voice-activated personal assistent created by Microsoft to rival the iPhone's Siri and Android's Google Now.