We start with the chipset and the processor which happens to be an unspecified model - most likely to be an entry-level MediaTek chipset that houses a dual core processor
clocked at 1 Ghz. Lava has not specified the exact chipset they have used on the Iris 360 Music. As expected, this phone is low on RAM as well. There is just 512MB of it making multitasking problematic on the phone. Internal memory is on the lower side as well - with the phone doing with just 4GB of storage. Thankfully, you can use microSD cards upto 32GB capacity to augment the memory further.