Microsoft’s metal-clad Lumia 650 has been on rumor mill’s radar for quite some time now. However, the tech giant has never confirmed the existence of such a device. Now, the company CMO unwittingly confirmed the upcoming Windows 10-powered handset.

In response to a question posted by ZDNet’s Mary Jo Foley on Lumia 650 release during the Windows Weekly podcast, Microsoft CMO Chris Capossela apparently said, “They had not announced a release date yet.” These words confirm the company is indeed working on a wallet-friendly Lumia device.

As far as the Lumia 650 release date goes, earlier rumors pointed to “early 2016” as the potential timeframe. To be specific, the device can be expected sometime in January or February. Also, rumor has it that Microsoft will market this handset as business and enterprise centric device. In other words, it is a “premium budget phone.” Cricket Wireless is believed to be selling this smartphone starting April 2016 in the U.S.

Moving on to Lumia 650 specifications, the handset will reportedly boast a 5.0-inch display, bundled with 720p resolution. Under the hood, a modest quad-core (Snapdragon 212) Cortex-A7 processor running at 1.3 GHz has been tipped. The device will reportedly come backed by just 1 GB of RAM.

When it comes to memory configuration, this Lumia handset will apparently come equipped with 8 GB of native storage space and microSD card slot for further expansion. An 8-megapixel primary camera unit with LED flash and a very-generous 5-megapixel secondary snapper are believed to be part of the phone.

As always, readers should note that Microsoft has not confirmed the Lumia 650 specifications or release date thus far.