Budget smartphone shoppers looking for a cheap handset may have a tremendous shock seeing a price tag of nearly $8 million for the Nokia Lumia 520.

The low-cost, budget-friendly Lumia 520 is the cheapest smartphone in Microsoft's lineup, which is why it also proved to be immensely popular. At a time when Windows Phone-powered handsets didn't fare so well on the highly-competitive smartphone market, the Lumia 520 saw great demand and turned to be a best-seller, more popular than any device in the Lumia lineup.

Launched back in April 2013, the Lumia 520's highlights are 512MB of RAM, a 5-megapixel camera and a 1,430 mAh battery, so it's obviously not a luxury phone by any means.

The selling point of the Nokia Lumia 520 was and still is its price tag, as it's one of the most affordable smartphones out there. It may not come with any top-notch specs and features, but it does deliver a decent performance for a dirt-cheap smartphone... at least at its regular price point.

A newly-listed price tag makes any luxury smartphone, even top-brand ones with diamonds, gold and what-not, look amazingly cheap by comparison.

Customers looking for the Nokia Lumia 520 now on the Microsoft Store may have their jaw drop, as the smartphone appears with a whopping price tag of $7,989,112.50, with a link for Walmart's website. The page in question lists the "best up-to-the-minute offers" from Microsoft's retail partners.

Before you have a heart attack, rest assured that this exorbitant price is a mistake. Clicking on the link will direct customers to Walmart's website and reveal the real retail price of the Nokia Lumia 520. The smartphone actually starts at $79.89 for the black option and goes up to $112.50 for the black/yellow and black/blue color options. These two different prices, $79.89 and $112.50, form the $7,989,112.50 sum Microsoft listed. Mystery solved.

The mind-blowing price tag of nearly $8 million for the handset on the Microsoft Store is clearly a mistake, but it's nonetheless deliciously ironic considering that Microsoft markets its Lumia 520 as its cheapest smartphone offering. At nearly $8 million and free shipping, who could resist?

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