The world's bestselling Windows Phone is the entry level Nokia Lumia 520 and its going get a refresh as the Lumia 530 is headed to T-Mobile's 4G LTE network.

Microsoft and Nokia have been following Samsung by releasing several different smartphone from entry-level devices like the AT&T and T-Mobile Nokia Lumia 520/521 to the 41-megapixel packing Lumia 1020 currently available on AT&T's network.  Out of all of its Lumia smartphones, the most sold are the Lumia 520 and 521. The smartphone has decent specs, a price as low as $59, and is upgradable to Microsoft's upcoming Windows Phone 8.1 update, which adds tons of new features.

Nokia and Microsoft know that they need to release an update to its most popular device and it's going to do so with the upcoming Nokia Lumia 530. The smartphone will launch on T-Mobile as the Nokia Rise. Nokia has been trying to move away from naming its handsets numerically, the Verizon Nokia Lumia icon started the trend.

The news comes from evleaks, who has an excellent track record with reporting unannounced devices. The device ships with specs that are a little better than its predecessor, of course this is an entry level smartphone and its specs show that. The Lumia 530 will reportedly have a 4-inch WVGA screen that has a resolution of 480 x 800. It's going to be powered by a quad-core Qualcomm Snapdragon 400 processor and a decent 1GB of RAM.

As far as internal storage, the Nokia Lumia 530 will reportedly ship with 8GB of internal storage, thankfully the company has also included a microSD expansion slot to further increase available space. It will pack in a 4G LTE radio for T-Mobile's network, Wi-Fi, Bluetooth LE, GPS and a 5-megapixel rear- facing camera.

The tipster hasn't given us any hints on when T-Mobile will officially launch the Lumia 530, Microsoft is surely going to capitalize on the release of Windows Phone 8.1 and this will be among the first smartphones to ship with the OS out of the box.

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