Nokia Confirms Work Has Been Started on WP7 Phones; Release by 2012

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In case there is any doubt, Nokia’s CEO Stephen Elop insists that Windows Phone 7 handsets are being developed at this very moment. However, release date has been pushed back to 2012.

Talking amid rumors that Microsoft and Nokia might actually be into acquisition talks, CEO Stephen Elop dismissed these claims, saying that production of a new Windows-based phone would be impossible in such a scenario. Instead, Windows Phone 7 handsets are currently in development, and the company plans to finish development within the year.

Elop clarified that the partnership agreement with Microsoft is still being ironed out at this point, which is expected to be finalized in a few months. For now, Nokia plans to get with the program, and focus on delivering its promise of a WP7 phone by year end. It still has to focus on the low-end spectrum of the mobile market, which is targeted at emerging markets, and comprises about 50% of Nokia’s business.

Again, Nokia’s CEO confirms they are building a WP7 phone, and that these will be out by 2012.