Different sources are claiming that Stephen Elop has already presented Lumia 730 inside Microsoft. Lumia 730 is a middle class smartphone which will come with high quality front camera designed for taking selifes of higher quality. The first leaked photos have also debuted.
The front camera resolution is 5 megapixels, but it will be adjusted for taking of better photos during lower lightning.
Screen size will be 4.7 inches with 720p resolution. The smartphone will be powered by quad-core Snapdragon 400 processor and Adreno 305 GPU and the back camera with Zeiss optics will have 8 megapixels.
According to the available info, the device will have firmware code named Lumia Debian Red, the successor of Lumia Cyan which has recently went into delivery. The new stuff this firmware brings is still unknown.
Considering that the device in its final stage of the development, and that it is being used inside the company, the official launch can be expected soon.