CEO of Nokia Stephen Elop clearly knew something regarding the Microsoft smartphone running on latest Windows Phone 8 operating system. He did not speak directly about this arrangement, but indirectly confirmed the existence of the phone information resource Surface Wall Street Journal. Citing its own unnamed sources, WSJ reported active testing of a Microsoft smartphone, although it does not go on the final product. The company is still determined by the final design of the device and its specifications.

According to the source, the unit will display with a diagonal in the range of four to five inches. It will be bigger than Apple iPhone 5, but obviously smaller Samsung Galaxy Note II. Given the quality of materials and workmanship Tablet Microsoft Surface, a smartphone is supposed to be fun, but not the fact that it was ever sent to mass production. Microsoft itself has not commented on the rumors.

But as per the other rumors, Microsoft Smartphone running Windows Phone 8 would be powered with 1.7GHz dual-core unknown processor, 2GB of RAM, 32GB of on-board storage memory, 8MP primary sensor and 1.3MP secondary camera sensor. Moreover, it would be featuring HD ready display of 4.5inches (1280 x 720 pixels) and a 2150mAh battery.

Well, this is still a rumor we can’t believe it so easily so stay tuned for more updates regarding the upcoming Microsoft smartphone WP8.