Looking for a budget-friendly smartphone that runs Windows Phone 8.1? Then check this latest device from Nokia, the Lumia 530. The device sports a 4-inch display(854 x 480 resolution), powered by a 1.2GHz quad-core Qualcomm Snapdragon 200 processor and 4GB internal storage which can be expanded either using 15GB of free cloud storage via OneDrive or insert a microSD card up to 128GB. Other features of Lumia 530 include 3G, Bluetooth 4.0, 802.11b/g/n Wi-Fi connectivity, 5 megapixel rear camera and will come in single and dual SIM versions. In terms of battery, it is equipped with a 1430 mAh battery with a claim of 8.5 hours of Wi-Fi network browsing time (max). The 530 will start rolling out globally to selected markets in August for less than $135.