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The specs are mid-market and the price of the Lumia 650 - £199 ($290) in the UK, according to the MobileFun.co.uk listing - reflects that.
Microsoft currently sells the Lumia 640 which has similar hardware and a SIM-free price of £115 ($170), according to Microsoft's website. The 650 would replace the 640 just as it replaced the 630.
Evan Blass, who runs the @evleaks Twitter account, tweeted a photo of a press render that could be used to promote the 650.
A new set of press renders, shared by Microsoft blog WinFuture.de, show the device from different angles. If the new leaked photos are genuine, the Lumia 650 will have metallic sides and a Microsoft logo on the top bezel. Microsoft is expected to retire the Lumia name in favour of Surface, which is also used on the line of tablets and laptops. Microsoft sold just 4.5 million Lumia devices in the three months leading up to January while Apple sold 75 million iPhones. According to Benedict Evans, an analyst at VC firm Andreessen Horowitz, the Lumia line has sold just 110 million handsets in its entire lifetime. Apple and Android-based smartphones have shipped around 4.5 billion.