Microsoft today officially announced the launche of the Lumia 435 and Lumia 435 Dual SIM Windows Phone devices. As expected, the Lumia 435 is the most affordable Lumia smartphone yet as it will go on sale with a price tag of just 69 EUR. It comes pre-installed with Windows Phone 8.1 Denim update which includes Live Folders, Cortana and others. Specs wise, it will be powered by a 1.2 GHz Snapdragon dual-core processor, 1GB of RAM and 8GB storage. It will sport 2MP fixed focus camera and VGA front camera. The Lumia 435 will be available in bright green, bright orange, white and black and will begin rolling out in select countries in Europe, APAC and IMEA in February.