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.