Microsoft unveils Windows Phone Update 3 introducing support for phablets, 1080p screens and quad-core chips
Microsoft has let the cat out of the bag - Windows Phone Update 3 is now official and it brings long awaited support for 1080p displays, quad-core chips and much more.
Windows Phone Update 3 is what many of you have heard of as General Distribution Release (GDR) 3. It comes to meet three huge goals Microsoft had: “Enable a new generation of incredible Windows Phone 8 devices, enhance the platform with new capabilities for current users and partners, and improve overall quality.”
On to the new features:

Quad-core processors - This latest updates allows Windows Phone to run on quad-core devices, and more specifically on Qualcomm’s MSM8974 chip, commonly referred to as Snapdragon 800. Here again, Microsoft is playing catch-up to Android.
More Live Tiles - One appreciated feature on the sharper and larger displays is support for more Live Tiles. Instead of stretching 4 small Live Tiles across the home screen and making it all look ugly, Update 3 brings support for 6 small tiles in a row.
Screen lock, custom ringtones - Now you can lock the screen orientation to either portrait or landscape. You can also assign custom ringtones to almost anything - instant messages, emails, voicemails, and reminders.
Better multitasking, enhanced storage management - Multitasking in Update 3 allows you to manually close apps by hitting a big “X” button, and when it comes to storage you now have the option to see which apps and media use what amount of storage.
The final question remains when can you get the Windows Phone Update 3. The release date is not exactly clear - it all depends on carriers to test, approve and push this, but if you are a developer you can get it right now via Microsoft's Developer program.
Microsoft unveils Windows Phone Update 3 introducing support for phablets, 1080p screens and quad-co
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