What’s the difference between the Microsoft Lumia 435 here and the Microsoft Lumia 532? Not much. Both are the same size and have nearly identical hardware components. They also come in the same colors. The main variations, really, come out in the camera and processor.
Where the 532 has a 5-megapixel fixed-focus camera, the 435 has a 2-megapixel fixed-focus shooter. Likewise, the quad-core chipset of the 532 gives way to a 1.2GHz dual-core Qualcomm Snapdragon 200 processor. Oh, and there’s no Glance UI on the lock screen to tell you the date and time.
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https://www.cnet.com/reviews/microsoft-lumia-435-preview/