The device is said to feature a 5inch display screen that will support a full HD resolution. It is rumored that the upcoming Lumia 940 will be well equipped with Corning Gorilla Glass 4 for screen protection.
The Microsoft Lumia 940 will have a quad-core Snapdragon 805 SoC processor clocked at a speed of 2.7GHz along with Adreno 420 graphics and 3GB of RAM.
A feature that many users will cherish is the camera, which will be a 24mp rear camera with PureView and it will support 4K video shooting at 60FPS.
The device will also feature a 5mp secondary camera and will also support HD video recording.
The Lumia 940 is 8.9m thick, it measures around 131x71mm and it weight is set at 149grams. The new camera feature that will come on Lumia 940 will be much more compact.
Microsoft may most likely opt for the same design that Lumia 930 has to the upcoming Lumia 940.
Lumia 940 will be encompassed with NFC, Wi-Fi, USB 3.0, and Bluetooth and will come with an internal memory of 32GB, 64GB and 128GB variants.
As for the operating system, it seems that Lumia 940 will not come with the Windows 8.1 which is currently the latest Windows Phone operating system out there. The Lumia 940 will operate on a new and yet legally unannounced Windows Phone 10 OS.
Microsoft Lumia 940 will most likely not be launched very soon as Microsoft is currently busy launching some other devices such as the Lumia 535 and Lumia 1330.