Nokia Lumia 510 pictured running WP7, looks dirt cheap

A new low-end Nokia Lumia phone has been snapped, suggesting a dirt-cheap way to get your hands on Windows Phone.

The photo of the Nokia Lumia 510 was sent to GSMArena, along with confirmation of a 4-inch display, 4GB of internal memory and a paltry 256MB of RAM.

Those are not impressive specifications, but they suggest a low price. The anonymous shutterbug claims this phone will cost as little as $150, which translates to about £93 in British coin.

Leaked renders of the phone have also surfaced from China, The Verge reports, along with a video of the device being used -- though that clip has since been set to private, preventing viewers from getting a glimpse.

As eager Windows Phone fans will have garnered from the snap above, this phone is running Windows Phone 7, not Windows Phone 8, which will debut in several weeks alongside mobiles like the Lumia 920 and HTC 8X.

Because of its meagre hardware, the Lumia 510 is certainly unlikely to ever be updated to Windows Phone 8, and in the picture above, it isn't even running Windows Phone 7.8 -- an update for all existing Windows Phone mobiles that introduces a bigger home screen with more customisation options.

New software may be out of the picture, but anything that makes Windows Phone more wallet friendly is alright by me. The Lumia 510 will have plenty of competition from cheap Android phones, however -- just take a gander at the jaw-dropping Huawei Ascend G300.

Could bargain Windows Phone mobiles make Microsoft's operating system more popular? Tell me in the comments or on our Facebook wall.