Nokia Chief Executive Stephen Elop said the company would remain focused on using Microsoft's Windows Phone software to compete with its smartphone rivals. "We make adjustments as we go. But it's very clear to us that in today's war of ecosystems, we've made a very clear decisions to focus on Windows Phone with our Lumia product line. And it is with that that we will compete with competitors like Samsung and Android," Elop told reporters ahead of a shareholders' meeting.

However, Elop is facing the critisism of some shareholders, as theysee the company scrambling to get back in the race from a standing start with its new Lumia range of smartphones.

Sales of the Lumia smartphones using Windows Phone 8 software are pale in comparison with the top Samsung and Apple models.

Nokia plans to release new models in its Asha range of mid-tier phones.

"We are continuing to renew our portfolio, which includes plans to announce innovation and new products in the Asha line in the days immediately ahead," Chief Executive Stephen Elop told investors at an annual general meeting on Tuesday.

Meanwhile, Nokia has also confirmed the upcoming launch of the long-rumored Lumia 928, with a website that hints at advanced camera features.



The Lumia 928 will be an upgraded version of the existing flagship Lumia 920, and is expected to become available via U.S. operator Verizon Wireless. Nokia's website shows someone taking a picture using the phone, which is a likely reference to the Lumia's low-light prowess. The Lumia 928 is reportedly thinner and lighter than the Lumia 920.