For the third quarter of 2013 Chinese equipment manufacturer Huawei maintained its number one ranking rank in the global radio access network (RAN) market with a share of 28.1 per cent, down 3 points from the second quarter 2013 but up 3.8 per cent from the year-ago quarter, according to ABI Research.
Although research firm IDC is predicting the global smartphone market will continue to grow by leaps and bounds in the years ahead, the firm is also cautioning that that growth won't occur through sales of expensive phones. Instead, IDC is forecasting the average smartphone will cost just $265 by 2017.
ZTE plans to launch a smart watch of its own in the second quarter of next year to challenge Samsung Electronics and others, according to Lu Qianhao, ZTE's head of handset marketing strategy.
Apple won $290 million in damages from Samsung Electronics after a jury ruled in its favor in a retrial of the smartphone titans' 2012 patent infringement clash.
Samsung Electronics said it has shipped 800,000 Galaxy Gear smart watches in the two months after its debut despite middling reviews of the gadget.
A senior Apple executive said Samsung Electronics' alleged copying of Apple's products subsequently made selling the iPhone and iPad more difficult.
Samsung Electronics remains confident the smartphone market will continue to grow, especially at the high end of devices with LTE Advances capabilities. However, the company, which is the world leader by volume in handset and smartphone shipments, acknowledged that it could do better in software and also signaled that it is open to a wider array of acquisitions.
Huawei said it will invest at least $600 million (€444 million) in research for so-called "5G" technology over the next four years, as the Chinese vendor outlined a growth strategy based on R&D strength and a strong consumer business rather than on acquisitions.
Nokia and Samsung Electronics extended their patent-licensing agreement for another five years, a move that will likely be a boon for Nokia as its sells its handset business to Microsoft and patents become a more important part of its business.
The past 24 months have seen an explosion of innovation in the area of smart wearable technology, and 2014 looks poised to be the "year of wearables," according to a new report from CCS Insight. However, challenges remain to ensure that the whole market does not get off to a false start.