With Nokia's range of Android-powered smartphones all but dead, Microsoft is pushing its newly-acquired Lumia line harder than ever. Today, it's introduced the lowest-priced Windows Phone to date, the Lumia 530, delivering middle-of-the-road specs for €85 ($114). For that, you'll get a 4-inch FWVGA (854 x 480) display, quad-core 1.2GHz Qualcomm Snapdragon 200 processor, 512MB of RAM and 4GB of internal memory (with support for 128GB microSD storage). There's also a 5-megapixel camera on the rear (no selfie camera here folks), which is controlled by Microsoft's latest Windows Phone 8.1 software. That, of course, offers access to Cortana (if you're in the US), the new WordFlow swipe keyboard and a multitude of other custom Microsoft- and Nokia-crafted apps. Like its older siblings, the Lumia 530 will also come in both single and dual SIM (3G) variants and offer interchangeable back covers, which will be available in the traditional orange, green, white and dark grey colors. Microsoft's latest Lumia will go on a global tour in the near future, starting with an initial rollout in "select markets" from next month.