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No Plans to Enter Tablet Market Any Time Soon, Says Nokia CEO

Nokia has stated that it has no plan whatsoever to launch its own tablet computer any time soon.

The revelation was made by the company's acting CEO Stephen Elop late last week.

He claims that though the company is currently not planning to release a tablet device, it is closely studying the market. He also did not rule out the possibility of trying its luck in an Apple dominated tablet market some time in the future.

"Nokia does not have an exact plan, but we are studying the markets carefully. Perhaps we will come [to market] one day," said Elop during an interview with Finnish public broadcaster YLE, according to a MarketWatch report.

Experts are of the view that Nokia's decision to shy away from an increasingly Apple dominated tablet market is indeed a wise one from a strategic standpoint. After all, the company has yet to recover from massive setbacks it suffered during the recent years in the global smartphone arena.

Once a leading smartphone maker, Nokia's stake in the worldwide market has declined dramatically with the growing popularity of Android and iOS powered devices.