Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) unveiled the Lumia 630/635 at Microsoft Corporation (NASDAQ:MSFT)’s BUILD conference yesterday. Its latest flagships, Lumia 630 and 635 are budget phones from Nokia. The Finnish phone maker launched the budget phones following the success of its low end Lumia phones.

Nokia Corporation (ADR) (NOK)

Nokia counting on budget phones

No smartphone manufacturer has denied the success of low end budget smartphones, and Nokia is no exception, offering Windows phones for under $200 without subsidy but still having premium features.

Lumia 630 was codenamed “Moneypenny,” and Lumia 635 was probably codenamed “Phantom” or it might be an upgraded version of “Moneypenny” as the features are closely similar to one another.

The Lumia 630 will be available at a price tag of $160 with some striking features. Additionally, for the first time Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has launched a Dual-Sim version of its Lumia series, which is a desirable feature in regions like Europe or South America due to a number of carriers with different region dominance. The phone also has a microSD, which is better in some cases than the high-end Lumia 930 phone.

Both the devices include many important features of Windows Phone 8.1 including the Cortana voice assistance, Swype-style typing and an Action Center. Both Lumia 630 and 635 have SensorCore, a firmware/hardware solution through which a user can wake the phone or receive input under certain conditions, while saving battery life.

Lumia 635 first WP 8.1 phone for U.S.

Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)/Microsoft receives tough competition from low-end Android smartphones. Lumia 635 is very similar to Lumia 630 from the features point of view, but has a shinier finish and “a unique dual-layered, luminous tonal surround that glimmers and glows.” Lumia 635 is, also, compatible with LTE support.

Nokia Lumia 635 will be the first Windows 8.1 phone to sell in the United States. It will be “broadly available, including in the U.S. starting this summer.”  In the United States, the price of the phone will be kept in the range of $189. Network carriers such as AT&T, Inc. Deutsche Telekom AG’s unified MetroPCS and T-Mobile will sell the phone.

Apart from budget Lumia devices, Nokia also unveiled a high end Lumia 930 at the conference. The specs of Nokia Lumia 930 are 2.2 GHz quad-core Qualcomm Snapdragon 800 processor, 32GB of internal storage (7GB free OneDrive cloud storage) and 2GB of RAM.