As expected, Microsoft has released the newest budget Windows 10 smartphone available in our local market — the Lumia 550.

The Microsoft Lumia 550 sports a 4.7-inch IPS LCD and a modest Snapdragon 210 quad-core processor. A usual among Windows smartphones, RAM is pretty low at 1GB but should be adequate for the most task.
Microsoft Lumia 550 specs:
4.7-inch IPS LCD display (1280 x 720 pixels), 315ppi
1.1GHz Qualcomm Snapdragon 210 quad-core CPU
Adreno 304 GPU
1GB RAM
8GB internal storage
up to 200GB via microSD
5MP rear camera w/ LED flash
2MP front camera
4G LTE, 3G HSPA+
WiFi 802.11 b/g/n
Bluetooth 4.1, A2DP
GPS, A-GPS, GLONASS
FM Radio
2,100mAh battery
Windows 10
136.1 x 67.8 x 9.9 mm
142g
The handset is already available at Microsoft authorized resellers and other retailers in two color options, glossy white and matte black, for Php6,490.

Saw this on memoxpress for 7470, not 6490 as stated above.