"The objective of launching the Lumia phones is to put Windows 10 into consumers' pockets. The devices will ensure that an user has a continuous experience and is productive on-the-go," said Microsoft's Surface and Lumia division vice president Panos Panay.

"Over 1,000 businesses have chosen Lumia phones in the last year," he added.

The Lumia 950 family will come with adaptive antenna technology which will ensure better connectivity at all points. The new technology includes embedding two antennas instead of one in the phone.

The Lumia 950, which comes with a 5.2-inch phone supporting 519 pixels per inch (ppi), is powered by a Qualcomm Snapdragon 808 hexa-core processor and a 3 GB RAM unit. Internal memory on the device will be 32 GB.

Powered by a 3,000 mAH battery, it will come with a 20-megapixel rear camera and a five-megapixel front camera.

On the other hand, the 950 XL will have a 5.7-inch display powered by a Snapdragon 810 octa-core 2GHz processor along with a 3GB RAM unit. The storage and camera capabilities will be the same as in the 950 with the battery being scaled to 3,340mAh battery.

Both the phones will come with Type-C USB connectors and will also support Microsoft's new docking station which allows the phone to be connected to a monitor, mouse and keyboard and then be used as a desktop.