Speaking in Oslo, he also said he was sticking to his strategy of using Microsoft software despite the limited success of Windows Phones so far.
Nokia will hold a trade show in Helsinki on September 5th and 6th, just a week before an Apple event where the US competitor may announce a redesigned iPhone.
Firm dismisses S&P downgrade
In a separate development, Nokia shrugged off Standard & Poor's downgrade of its credit rating, saying on Wednesday afternoon it had sufficient liquidity and was conserving cash.
S&P cut Nokia's rating to BB- with a negative outlook, saying its second-quarter results and outlook for the third quarter were weaker than expected.
Nokia CFO Timo Ihamuotila said the impact of the rating agency's decision on Nokia was "limited."
As we continue our transition, we are applying a strong focus on cash conservation while simultaneously reducing our operating costs and making our operating model stronger and more agile," Ihamuotila said in a statement.
Nokia shares rose by some seven percent after Elop's comments, and were up by around three percent in the afternoon despite the S&P announcement.
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