Lumia 520 will be the next budget friendly smartphone from Nokia featuring Microsoft’s latest Windows Phone 8 OS. It will be the successor to latest budget friendly Lumia 510. In size, Lumia 520 measures 120.7 x 64.9 x 11.5mm and weighs only 129g. The Nokia Lumia 520 will feature a 4-inch display with the resolution of. It is rumored to be powered by 1GHz single core processor and 512MB RAM. Unlike Lumia 510, Lumia 520 will come pre-installed with Microsoft’s latest Windows Phone 8 OS. For multimedia, it will come with a 5 Mega Pixel rear camera. The Lumia 520 will come with an internal memory of 4GB. There is no further information available on the handset but rumors are that it will be launched during MWC 2013. Nokia is also expected to announce Nokia EOS and mid range Lumia 720 at the same event. Stay tuned for more updates or follow @harrym20 on Twitter.