Smartphones are mobile phones with additional advanced computing capabilities, distinguishing them from standard feature phones. Smartphones have the ability to run more complicated applications than feature phones and often run on open operating systems, possess stronger processers, have greater storage capabilities and feature larger screens. The first Smartphone, as reported in USA Today, the IBM Simon, was sold by BellSouth in 1992 and included a calendar, a note pad, games, and allowed the user to email and fax. The IBM Simon was also the first phone to use touch screen technology. In 1997, Ericsson produced the GS88, the first phone to be called a “Smartphone.” Since the 90s, the smartphone market has changed dramatically. As of 2010, Smartphones now make up 20 percent of the handset market, with global Smartphone shipments increasing by a whopping 74 percent from 2009 to 2010. Smartphone revenues reached $99 billion in 2010, accord to a report from Strategy Analytics. Apple, Nokia, and Research in Motion (RIM) cashed in, with Apple in the lead, commanding 29 percent of the total market revenue. According to a report by Canalys, 97 percent of Smartphones on the market run on operating systems produced by Android, Symbian, Apple, RIM, or Windows Mobile. Only 3 percent of Smartphones run on alternate operating systems. The most popular smart phones on the market currently include Apple’s iPhone 4, Motorola’s Droid 2 and Droid X, HTC’s EVO 4G and  Droid Incredible, and RIM’s BlackBerry Torch, BlackBerry Bold, and BlackBery Curve.

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Juniper Research: Phablets to account for over 20% of smartphones shipped by 2019

More than 400 million phablets will ship in 2019, a five-fold increase over the 138 million devices estimated to be shipped in 2015.

Apple's blowout: 74.5M iPhone sales, net profit of $18B

Apple posted a blowout holiday quarter with sales of 74.5 million iPhones and $18 billion in net profit. The results were way above forecasts from most Wall Street analysts. "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."

Huawei 'giving up' on cheap smartphones, hopes to sell 100M smartphones in 2015 by targeting high end

Huawei wants to increase sales in its consumer unit this year to $16 billion from around $12 billion in 2014, in part by focusing on higher-end smartphones. The company wants to boost its smartphone unit sales to 100 million this year from 75 million last year.

Microsoft sells record 10.5M Lumia phones in Q4, as it works to integrate Nokia

Microsoft sold a record 10.5 million Lumia-branded Windows Phones in the fourth quarter, but is still dealing with the hangover of integrating Nokia's devices and services business.

MediaTek takes aim at U.S. smartphone market

Qualcomm is the dominant smartphone chipset supplier around the world and in the U.S. market, but MediaTek hopes to change that, especially as average selling prices for phones continue to drop. MediaTek is the premier silicon provider in the entry-level and mid-range smartphone market in China and the company has been steadily boosting the performance of its chips, especially by combining them with LTE modems. Now, MediaTek is looking beyond China and East Asia.

Report: Apple likely sold more iPhones in China than in the U.S. last quarter

Apple likely sold more iPhone units in China in its most recent quarter than it did in the United States, according to a Financial Times report. If the report proves accurate, this would be the first time iPhone sales in China have outpaced those in the U.S. market.

T-Mobile launches 'Score' rewards program to give customers discounts on phones

T-Mobile US is looking to give its customers discounts when they upgrade to a new smartphone, hoping to ameliorate the cost of a new phone since the carrier does not offer subsidized devices.

T-Mobile to let lower-credit customers who pay on time get access to $0-down smartphones

T-Mobile US is giving every customer with a monthly voice plan who has made or makes 12 consecutive on-time monthly bill payments access to zero-down financing for smartphones regardless of their credit score.

Microsoft shows off Windows 10 for mobile, as Nadella promises a wide range of phones

Microsoft demonstrated how its forthcoming Windows 10 operating system will work on phones and tablets as well as PCs and other devices, and previewed several key features on devices powered by the next generation of the company's main software platform. The software giant is creating a unified operating system that will let developers write universal apps for multiple device sizes, in a bid to jumpstart Microsoft's weak market position in mobile.

Samsung's Shin: We want to expand partnership with BlackBerry, not buy them

Samsung Electronics does not want to buy BlackBerry but instead wants to use more of the company's services in Samsung's devices, according to a co-CEO of Samsung.