Microsoft is holding a media event on June 20. The event is named Windows Phone Summit.
Industry analysts believe that the company would showcase their next generation mobile platform Windows Phone 8 at this event.
Windows Phone 8 would be a major update with support for multi-core processors and more resolutions. Microsoft is also expected to add support for more technologies. Skype is expected to become an integrated feature compared to an app today.
Devices powered by Windows Phone 8 platform are however only expected to launch in the market later this year.