Microsoft has just unveiled two more budget Lumia smartphones - the Lumia 435 and Lumia 532, which will start rolling out in key markets in Europe, APAC and EMEA in February. The new smartphones will be available in bright green, bright orange, white and black, and in single-SIM as well as dual-SIM variants.

IBTimes quotes a Microsoft release stating that both the Lumia 435 and Lumia 532 would be the most-affordable Lumia devices available till date. They will be running on Microsoft's Windows Phone 8.1 operating system and offer the Lumia Denim updates along with other apps.

The Microsoft press communique furter stated that the two upcoming handsets will have balanced features, power as well as Windows phone 8.1 experiences at an affordable price range. The Lumia 435 will be the first smartphone in Microsoft Lumia 400 series, while Lumia 532 will succeed the Lumia 530.

However, Microsoft has not provided with much details regarding the Lumia 435's hardware configuration. As far as the Lumia 532 is concerned, Microsoft said that its features will include a premium layered design, front-facing camera, glance screen, Quad-Core processor along with additional on-board memory compared to the Lumia 530.

The Lumia 435 and Lumia 532 will be capable of effortlessly switching between voice and video calls and come with built-in Skype and front camera, 30GB OneDrive free Cloud storage, in-built Cortana assistance, pre-installed Microsoft Office, Outlook support, excellent integration with camera via Lumia camera and Lumia Selfie app plus more.

Talking on the unveiling event of the handsets, Microsoft vice-president (corporate) Jo Harlow said, "When we launched the first Lumia devices over three years ago, we said we were committed to bringing devices to as many people and price points as possible."

Harlow went on to add, "With the Lumia 435 and Lumia 532, we've realized our goal of creating the most-affordable Lumia devices till date, opening up the opportunity to reach those who are buying a smartphone for the very first time. Lumia 435 and Lumia 532 deliver competitive hardware alongside innovative software that will continue to receive latest updates and enhancements, keeping users up-to-date with the best new features."