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Lumia 550 revealed in leak with Microsoft's flagship Windows phones

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Microsoft's two new flagship Lumia phones have been leaked several times over the past few months. It appears that Microsoft has settled on the Lumia 950 and Lumia 950 XL naming for its Windows 10 Mobile devices, and a leaked internal Microsoft presentation (found on a Facebook page) reveals even more renders of the handsets. Microsoft is planning to launch both devices at an event in New York City on October 6th, alongside the Surface Pro 4 and Microsoft Band 2.

Read next: The Microsoft Lumia 950 XL review.

Microsoft appears to be focusing on the Windows Hello feature of Windows 10 Mobile for its marketing materials. Windows Hello will allow Lumia 950 and Lumia 950 XL owners to unlock their phones with their face. The leaked slides also reveal a Microsoft Display Dock to enable the Continuum feature to turn these phones into PCs.

While Microsoft will be focusing on flagship handsets next month, it's possible that the company will launch a budget device too. The same Facebook leak reveals a new Lumia 550 with a 5-inch display, 1GHz processor, and 5-megapixel camera. Microsoft's numbering scheme suggests this will be a replacement to its popular Lumia 5xx series devices, aimed at the low-end market.