LG has unveiled the new LG L35 smartphone with a modest specs sheet and a budget price tag. The smartphone has previously made appearances in the rumors a couple of times, so its existence is no surprise to us. The hardware on board is not flattering as you would expect from a budget offering. But devices like these have a great market in developing countries across the globe, so this is a wise and logical move by LG. The L35 packs a 3.2 inch 480 x 320 resolution display, a 1.2 GHz dual core Snapdragon 200 chipset, 512MB of RAM, a 3-megapixel camera on the back, 4GB of internal storage and a 1,540 mAh battery. LG hasn’t mentioned the Android version that’s running on the device, so there’s no info on that at the moment. What’s surprising is that despite featuring a relatively sub-par hardware, LG has managed to pack features like Knock Code which allows users to unlock the device using a series of taps or knocks on the display. The company is yet to spill the beans on the pricing but has confirmed that the smartphone will be sold in Germany, Spain, Italy, Portugal, and Hungary among other European countries.