Also Read: Nokia launches tablet, joins large-screen smartphone race
Not just that, Nokia has also launched Lumia phone with a bigger 6-inch screen and a 20 megapixel camera. The new Lumia 1520 has been priced at USD 799.
The company also launched three low-cost phones in its Asha series targeting developing nations like India. One of the Asha models will also support 3G.
Nokia Executive Vice-President Stephen Elop told CNBC-TV18's Malvika Jain that with each of the devices it picks the right moment to enter the market when the company is convinced that it has a compelling and differentiated solution something that really stands out. He says the timing of the launch is not linked to the Nokia-Microsoft deal.
Meanwhile, Elop is worried about the tax issues plaguing the company in India. He says the company is in talks with the Indian government to resolve these issues. "We are fully compliant with all tax laws," he stresses.
Below is the verbatim transcript of Stephen Elop's interview on CNBC-TV18
Q: Tell us more about your new product launches?
A: We decided to enter the market with a series of products that demonstrate the very best in design. Some great imaging capabilities, the ability to take pictures in a beautiful way as well as a whole range of new experiences and with each of the devices we pick the moment to enter the market when we think we have a very compelling and differentiated solution something that really stands out.
So, whether it is something like the Lumia 2520 tablet, where the design of this is so beautifully aligned with all the other work that we have done. We look at products like that and pick the right moment to enter the market. Today we felt it was the right moment for these products.
Q: In hindsight do you feel that Nokia should have probably tried atleast one device on the Android platform?
A: Our belief was it was more important to focus on something that was truly different because if you look at the Android marketplace right now, while there is one vendor who is quite successful there are many others that have fallen by the wayside or are having a great deal of difficulty.
We recognize the need to partner differently because of where we were in our development with Symbian and various other efforts. We recognize that difference and said we need to do something quite different. So, we are pleased with what we have done.
Q: While this launch of swanky Asha devices and convergence with say an Instagram or a Whatsapp is something that's been on Nokia's mind for a while but we did not see any movement and now with your intent to enter into a deal with Microsoft we are seeing a lot of traction. So, is it correct to infer that it is Microsoft that is driving Nokia's future strategy already?
A: The timing of the launch of any of these devices is unrelated entirely to the Microsoft transaction with Nokia. Devices like this take many months to properly plan and consult with customers and so to be able to stand here today with working devices with brilliant new experiences is something that is many months in the making.
So, what you see here is a natural next step in the process that you have seen with for example our Lumia products all along.
Q: What is it that the Microsoft deal would actually mean for Nokia as a company in terms of its business strategy, operations other than the devices segment and in terms of human resource planning?
A: Two things happen simultaneously when the Microsoft transaction happens and just to remind viewers it hasn't happened yet, it is something that is subject to our shareholder approval and regulatory approval. When it does happen the devices team at Nokia will join Microsoft and our belief because of the opportunity to reduce the natural frictions between two companies the ability to place greater concentrated and focused investments, the pooling of technology, we think this means an even greater chance of success for the Windows phone efforts which translates into better job security and growth for that portion of Nokia that is going to Microsoft.
However, Nokia separately carries on after the Microsoft transaction because it has the Nokia solutions and networks business which is focused on mobile broadband and its intellectual property capabilities.
Q: What about the tax issues that Nokia is facing in India?
A: We have always followed all the proper regulations and everything appropriate from a tax perspective and we are very open and continue to work with the Indian government to find a resolution to the difficulty and I hope at some point we will.
Q: Do you think arbitration is an option?
A: I think we will just continue to work with the government and find a way through it.
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