A seemingly low-cost Lumia handset has popped up online in a new leak, and it's believed to be the successor to the Lumia 1320 phablet.

Microsoft acquired Nokia's device unit and recently rebranded the Lumia line to remove the "Nokia" moniker from the equation. From now on, new devices will launch under the "Microsoft Lumia" brand, and the first device to herald the new era will make its official debut on Tuesday, Nov. 11.

More specifically, Microsoft has announced a special event for that day, when it will unveil the first Lumia device under the new branding; that handset is expected to arrive as a low-cost Lumia 535. In addition to this device, a new one has now leaked online and is believed to be the Lumia 1330, i.e. the successor to the Nokia Lumia 1320 phablet. The image surfaced on Weibo (via WindowsblogItalia), showing colorful options that fall in line with the Lumia lineup.

The new leak offers no details regarding the specs and features of this purported Microsoft Lumia 1330, but it does offer some clues as to what it may have to offer. The device seems to sport a massive display, possibly around 5.9 inches, albeit it remains unknown just what resolution it will have. The leak also reveals that the handset will pack a rear camera with flash, but not much else is known at this point. Judging by the look of the device, the purported Lumia 1330 will likely launch as a budget-friendly phablet with mid-range specs on board, not a flagship device with top-notch specifications and design.

If this leak turns out to be accurate, the Microsoft Lumia 1330, or however it may be called, may debut alongside the 5-inch Lumia 535 (RM-1090) handset that is expected to launch this Tuesday, Nov. 11, as Microsoft's first-ever Windows Phone smartphone with its own branding.

It's all still in the rumor state for now, however, so make sure to take all leaks, rumors, and reports with a grain of salt. We'll be covering Microsoft's Nov. 11 #MoreLumia event and bring you the latest news as soon as the company makes it official, so stay tuned.