And a lot of that comes down to the influence of new CEO Stephen Elop.

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According to CEO Stephen Elop, Nokia is also planning a lot of interesting things with Verizon.

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Two years ago, Nokia changed management and shifted strategy and is now halfway through a turnaround, according to its CEO Stephen Elop.

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Nokia's embattled CEO Stephen Elop latched on to the performance of the flagship Lumia range, with sales of 4.4 million providing evidence that the Windows-based phones were at last making an impact.

BBC: Samsung, Apple, Nokia and the smartphone dogfight

Another interesting tidbit in the interview highlights the fact that one of new Nokia CEO Stephen Elop's edicts has been to significantly reduce the amount of time between a product's announcement and its release, which might be the driving force behind his decision to push the introduction of Nokia's first MeeGo products into 2011.

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To correct the situation, even when Nokia brought in Stephen Elop as its new CEO from Microsoft (MSFT), the arrogance at Nokia did not decline.

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Indeed, Nokia's recent record of being slow to market with smartphones that can compete with the iPhone and other phones in part led to the recent appointment of former Microsoft Corp. executive Stephen Elop as Nokia's new chief executive, succeeding former CEO Olli-Pekka Kallasvuo.

WSJ: After Delay, Nokia Ships Smartphone