It has been awhile since we heard about Lumia flagship smartphone. The latest Lumia smartphone was released before Nokia acquisition by Microsoft has been finalized. It was Lumia Icon / 930. After the company was acquitted by Microsoft, we only heard about entry level or midrange level type of devices. Well, all of that is about to change.

According to some reliable sources, a new flagship for Lumia line will be announced soon after Microsoft launch Windows 10 OS. It is expected that the new smartphone will be running on the new OS and it is going to be named Lumia 940. However, nothing can be confirmed as of now.

Lumia 940 is rumored to be made of metal body and the handset is expected to be slim.  On top of that, it is expected to be running on Qualcomm’s dual-core Snapdragon 808 chipset which is clocked at 1.82GHz as well as a 32GB internal storage and a 3GB RAM. As for the camera, the rear camera will be as of 20MP which also comes with optical image stabilization and Carl Zeiss optics and the front camera will be as of 5MP.

It is rumored that Lumia 940 will be officially launched in the third quarter of 2015.