Those of you that are curious about what direction Microsoft Windows Phone in terms of their mobile operating system is headed will appreciate this slide. Windows Phone Mango was released in Q4 2011 with new features, new languages, and new countries. The next major update will be “Tango,” which will be released in Q2 2012 and it will feature products with the best prices, but not that many new features. However when the “Apollo” update in Q4 2012 is released, we will see high-end super phones likely with dual core processors and HD screens. [wmpoweruser]

Microsoft Corporation (NASDAQ:MSFT) expects the production costs of handsets that uses Windows Phone 7 software to drop by over half next year. Qualcomm Inc. will allow phones that run on the Windows Phone 7 operating system to be produced for under $200. This is a substantial drop from the $400 manufacturing cost from when the mobile operating system was introduced last year. This announcement was made by Windows Phone head Andy Lees. Microsoft works exclusively with Qualcomm for chip development. [BusinessWeek]

At the All Things D Asia conference, Microsoft Windows Phone President Andy Lees announced a new line of Windows Phone powered devices coming to AT&T. These devices includes the HTC Titan, Samsung Focus S, and Samsung Focus Flash. The Focus S and Focus Flash have 1.4GHz Sandragon S2 SoC processors. The Focus S has a 4.3″ Super AMOLED Plus Display and the Flash has a 3.7″ Super AMOLED screen. The Focus S has an 8MP rear facing camera and the Flash has a 5MP rear facing camera. Not much has been revealed about the Titan as of yet. These three devices are expected to arrive this fall. [Windows Team Blog]

Microsoft Corporation (NASDAQ:MSFT) has officially announced the end of the Zune. According to a support article on the Microsoft page:

HTC is hosting an event on September 1st that focuses specifically on Windows Phone Mango devices. It is rumored that HTC will be revealing the HTC Eternity for AT&T and the HTC Omega for T-Mobile. The Eternity is expected to be a 3.7-inch Windows Phone 7 powered device and the Omega is expected to be a 4.5-inch Windows Phone 7 powered device. No exact launch dates are known as of yet [BGR]

Microsoft Corporation (NASDAQ:MSFT) has announced the “We’re In” application for Windows Phone. The We’re In application is intended to organize get togethers and carpools. Your friends will be able to see your location and they can see yours. This appears to be Microsoft’s response to Google Latitude.

Microsoft Corporation (NASDAQ:MSFT) announced 14 new XBox LIVE titles coming to the Windows Phone 7 operating system within the next few months. Microsoft made the announcement at the annual Gamescom conference in Cologne, Germany. Some other new features coming to Windows Phone 7 also include Avatar Awardables, game add-ons, parental controls, and fast async.

In the company’s 10-K filing, Microsoft Corporation (NASDAQ:MSFT) revealed that the maximum amount of revenue Microsoft received from their last fiscal year from their mobile division is $613 million. This is a fraction of Microsoft’s $69.9 billion in total revenue.