The next NSeries phone will put rival handsets in the shade and help Nokia to regain its status as a leader in the smartphone sector, the company's Chief Executive Officer (CEO) predicts.
Olli-Pekka Kallasvuo's optimistic forecast comes amid widespread speculation that Nokia is looking to hire a new CEO after losing two thirds of its market value since 2007 in the face of ever-stiffer competition from Apple and HTC.
Mr Kallasvuo said: "Delivering the N8, with a high-quality user experience, will mark the beginning of our renewal.
"We will achieve our potential and regain high-end leadership in our industry."
Mr Kallasvuo's bullishness also saw him predict that the high-end smartphone will help Nokia to sales of 50 million for phones running its forthcoming Symbian 3 operating system, which will debut on the N8.
However, he expects that it is the Meego platform, which has hitherto been restricted to internet tablets and is due to be phased in on NSeries phones gradually, will be Nokia's key advantage in the smartphone wars in years to come.
Due to go on sale in October, the N8 is home to a 12 megapixel camera with HD recording and an expansive 3.5-inch touchscreen display and offers advanced sat nav and email functions.
Nokia allegedly delayed the launch of the phone because it was not satisfied with its quality.