Nokia, the Finnish handset manufacturer is all set to unveil new Windows 8 handsets in the first week of September during the Nokia World 2012 event, reported Slashgear.

The news of Nokia coming out with new handsets is significant, given the increasing competition for the Apple iPhone 5. While the iPhone is expected to debut mid-September, competitors including Nokia and Samsung are expected to line up their handsets close to the Windows 8 OS and Windows Phone 8 release.

Earlier, reports from the Chinese website WPDang indicated that the two Nokia handsets scheduled for launch are Nokia Lumia 910 and Nokia Lumia 920.

Apparently, Microsoft representatives are expected to make an appearance at the event to showcase consumer features in the Windows Phone 8 using Nokia's new phones, Slashgear added.

Earlier, at the Windows Phone Summit held in June, Microsoft announced several hardware partners for Windows Phone 8 including Nokia, HTC, Samsung and Huawei. Subsequently, reports surfaced on how Samsung intends to launch Marco and Odyssey with Windows Phone 8 platform, followed by HTC's lineup leak comprising three handsets at the entry-level, mid-range and high-end of the market.

The new functionalities made available by the Windows Phone 8 include support for multi-core processors and high-resolution screens. Reports state that the user-interface has also been modified, allowing users to select different tile sizes that can be rearranged onscreen as they see fit. Nokia Maps will be the default maps application in all Windows Phone 8 devices, and Microsoft has placed a strong emphasis on its Near Field Communication (NFC) capabilities, as well as business-friendly security features.

Not much information is available on the specs of the new Nokia devices. Reports have it that the company is likely to launch a new flagship with a polycarbonate unibody style for at least a few models. The new device is expected to be packed with advanced camera technology as found in the 808 Pureview and is expected to be coupled with a conservative sensor.