Joe Belfiore corporate vice president and head of Windows Phone Team at Microsoft presents the next version of Windows Phone OS, codename "Mango" and some of its new features. With the impression of a corporate giant losing its charisma and sleeping in their laurels, Microsoft needs to shake every part of their business in order to impress not only those bored share holders but also the new generation of tech enthusiast. With a great start but slow update process WP faces an uphill battle against the mighty Apple iOS and the hugely popular Google Android platforms. Is it to late for the software giant? Video after the break.