Nokia cannot afford to lose its nerve now despite calls for a Plan B from some irate shareholders. It needs to keep its focus and not undermine its best efforts.
The jury is still out on the future of Nokia. The company still has a lot of support in its home market from domestic investors and that will be crucial in the months ahead, but patience is clearly running out.
Nokia's Lumia Windows Phone business often gets most of the attention when it comes to discussing the company's strategy, but the Finnish handset maker recently shifted the focus back to its low-cost Asha phones.
Nokia unveiled an updated version of its low-cost Asha platform, promising developers an open, standards-based environment for creating applications targeting consumers in emerging markets.
Nokia appears to be planning to announce a new phone with a Qwerty keyboard on Wednesday, though it is not clear whether it will be a Lumia Windows Phone or some other class of device.
Nokia reported a year-over-year and sequential drop in device sales in North America, but CEO Stephen Elop also hinted that the company will soon bring a "hero" Lumia Windows Phone smartphone to a top U.S. carrier, likely Verizon Wireless.
Nokia has seen a demand from the Indian tax authorities suspended by a local court after being ordered to pay $383 million within 30 days for failing to properly pay taxes.
Nokia CEO Stephen Elop saw his total 2012 pay package cut by 45 percent compared with 2011, according to a regulatory filing. Nokia struggled mightily in 2012 in its transition to using Microsoft's Windows Phone software for its smartphones.
Nokia unveiled two new mid-range Lumia smartphones, the Lumia 720 and 520, which run Microsoft's Windows Phone software. The two devices offer the operating platform's higher-end smartphone features but at a lower price. The company also introduced two feature phones, the Nokia 301 and 105.
Nokia plans to use its time at the Mobile World Congress trade show next week in Barcelona, Spain, to announce low-cost handsets and a smartphone running Microsoft's Windows Phone software, according to a Reuters article.