The much-rumored Nokia Lumia 530 has officially been unveiled by Microsoft as the most affordable entry-level Windows Phone 8.1 smartphone to date. Lumia 630 sports a 4 inches FWVGA LCD display (with ClearBlack, sorry!), a 1.2GHz quad-core Cortex-A7 process based on Snapdragon 200 chipset and 512MB of RAM. It’ll be priced at €85 ($114) excluding taxes and subsidies.