Microsoft Devices today announced the much rumored Lumia 530 with the Lumia Cyan software and Windows Phone 8.1. The Lumia 530 comes in both single SIM 3G and Dual SIM 3G versions and will be available in European region initially for €85 and €100, respectively.

Designed as a budget phone, the 530 features a 4.0-inch FWVGA display with a resolution of 854 x4 80 pixels at 246ppi, a 1.2GHz quad-core Qualcomm Snapdragon 200 processor, 5MP main camera and 3G connectivity. The phone includes 4GB of internal storage expandable to 128GB via a microSD card.

“We are moving quickly to help more people experience the uncompromised Lumia technologies, third-party apps, and Microsoft services that we deliver on our flagship products,” said Jo Harlow, Corporate Vice President of Microsoft Devices Group. “Lumia 530 underscores our commitment to making affordable smartphones for everyone, and introducing more people to the best of Microsoft.”