LG Electronics reported a return to growth in its mobile unit in the second quarter after a string of financial losses. The company posted a new record in terms of smartphone shipments for the period thanks in large part to the launch of its latest flagship device, the G3.
Microsoft appears likely to phase out the Nokia brand in its mobile products, especially smartphones, following its $7.5 billion deal for Nokia's devices and services business, according to newly leaked internal documents.
The number of people using smartphones around the globe will continue to accelerate in 2014, growing to 1.76 billion people--up more than 25 percent over 2013, according to a new report from eMarketer. Around 1.4 billion people owned and used smartphone monthly worldwide in 2013, according to the firm.
China will surpass the United States as the world's largest handset market by revenue in 2014, not just in volumes, according to a new report from research firm Strategy Analytics.
A smartphone that sells for around $20 is likely going to hit the market within the next months, according to a presentation from chipset designer ARM Holdings. Such a device would herald the declining average selling price for smartphones many analysts have long predicted as smartphones become more ubiquitous around the world, especially in emerging markets.
Now that Microsoft's $7.5 billion deal to buy Nokia's devices and services business has officially closed, Microsoft is starting to reveal some changes that are coming. One, according to Microsoft executive Stephen Elop, is that Microsoft does not plan on using the Nokia brand for much longer for Nokia's smartphones.
T-Mobile US is notifying customers of its MetroPCS prepaid brand in New England and Las Vegas that they will need to upgrade their devices as T-Mobile prepares to shut off MetroPCS' legacy CDMA network in those areas and move customers to its GSM-based network.
The shift away from the traditional U.S. model of a subsidized smartphone in exchange for a two-year contract appears to be accelerating and is likely going to continue to do so for the next few quarters. However, the shift might not be in the best interests of carriers, handset makers or consumers in the long run.
Strong growth in LTE smartphones, including TD-LTE phones sold in China, will lead to smartphone sales of 1.24 billion in 2014, according to a forecast from analysts at CCS Insight. However, CCS predicts smartphone growth will slow in the years ahead, largely due to saturation in mature markets.
Samsung Electronics expects its overall operating profit to slip in the first quarter and for sales to be essentially flat year-over-year, an indication that its mighty smartphone engine, especially at the high end of the market, may be slowing.