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Loaded with its latest Windows Phone 8.1
operating system, the Lumia 535 and Lumia 535 dual SIM will be
priced at around 110 euros (about $137) before taxes and
subsidies, Microsoft said in a statement.
The phone will feature a wide-angle 5 megapixel front-facing
camera and a 5-inch qHD display screen, the company said.
Smartphones run on Microsofts' Windows software, mostly Lumias,
captured only 2.7 percent of the global smartphone market in the
second quarter, down from 3.8 percent the year before, according
to research firm Strategy Analytics.
Microsoft completed its $7.2 billion deal to buy Nokia's
<NOK1V.HE> handset business in April. Nokia continues as a
networks, mapping and technology licensing company. It owns and
manages the Nokia brand and only licenses it to Microsoft.
Microsoft had said in the past it planned to license the Nokia
brand for its lower-end mobile phones for 10 years and to use
the name on its smartphones only for a "limited" time, without
saying how long that might be.
(Reporting by Rama Venkat Raman in Bangalore; Editing by
Gopakumar Warrier)
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