As promised during the announcement event back in October, Microsoft has officially launched its entry-level Windows 10 smartphone. The Lumia 550 comes in a variety of colors for its detachable polycarbonate back cover and can be purchased in the US and Europe.

The expected price tag is around $140, depending on where are you purchasing it. As for the specs, it features a 4.7-inch 720p display, Snapdragon 210 chipset, 1 GB of RAM, 8 GB of expandable storage and a 2,100 mAh battery. It is also worth noting that there is 4G LTE connectivity support.