Microsoft Lumia 435 confirmed by Brazilian agency
With the sub 5xx model number, this is an entry-level handset. The Microsoft Lumia 435 carries a 4-inch screen with a resolution of 480 x 800. A Snapdragon 200 CPU powers the device, which features a 5MP rear-facing camera. A device-exclusive BV-5J battery keeps the lights on.
The Microsoft Lumia 435, which will carry a model number of RM-1068, supports dual SIM cards. The phone will offer 3G connectivity. When the phone was shipped into India for inter-company use in November, it was valued at $57 for each unit. If the Lumia 435 is launched at that price, it would be the cheapest Lumia model yet.
source: Janelatech (translated) via WMPoweruser