It is understood that Nokia Corporation is set to launch its new handsets based on Windows Phone 7 operating system with an affordable price tag. This is believed to offer tough competition to the mobile phone giant's rivals that also market competitive smartphones in the United Kingdom.

Nokia is presently deemed as the largest mobile phone manufacturer of the world. The firm has apparently floated its different ranges of mobile phone models to allure various age and class of phone admirers.

Meanwhile Microsoft Corporation has also been coming up in the market with cost friendly mobile phone models with Windows Phone 7 as their operating system.

This is also the reason that leads a number of leading mobile phone markers in the United Kingdom, including Nokia to deliver rather better in this regard.

Meanwhile the Reuters news agency reported Stephen Elop the chief executive at Nokia, as saying that they have been convinced that they could touch a really low rise point at the earliest.