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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Huawei hopes to ship 140M smartphones this year despite market challenges

Huawei's chief of consumer products said he's confident the company will meet its goal of shipping 140 million smartphones this year, the  Wall Street Journal  reported, which would mark a 30 percent year-over-year increase in a brutal worldwide smartphone market.

ABI Research: Sensors, accessories to top 65% of active wireless connections by 2021

ABI Research predicted that accessories and sensor nodes will outpace smartphones and PCs for the first time in 2016 and account for more than 65 per cent of total active wireless connections by 2021.

Report: LG's mobile division expects a fifth consecutive quarterly operating loss

LG Electronics expects its mobile division to report a fifth consecutive operating loss for the second quarter of 2016,  Reuters  reported.

Report: Google to launch its own phone later this year

Google is planning to launch its own phone later this year in an effort to take more control of its Android platform,  The Telegraph  reported this morning.

LeEco buys land in Silicon Valley ahead of U.S. smartphone launch

The Chinese tech firm LeEco paid Yahoo $250 million for a nearly 50-acre development site in Silicon Valley as it prepares to enter the U.S. smartphone market.

IHS: Over 8B devices were connected globally end-2015

IHS said there were 8.1 billion connected smartphones, tablets, personal computers, TVs, TV-attached devices and audio devices across the globe at the end of 2015.

IDC: iPhone shipments to slide 2% this year as worldwide smartphone market slows to a crawl

IDC predicted worldwide smartphone shipments will grow at a sluggish 3.1 percent clip in 2016, revising a previous forecast that had pegged the market to grow at 5.7 percent this year.

Ericsson: Western Europe to play leading role in adding IoT connections

Western Europe is expected to lead the way in adding new connected devices to the Internet of Things (IoT), with the number of IoT devices in this market expected to increase 400 per cent by 2021 according to the latest Ericsson Mobility Report.

Pyramid Research: Smartphone sales in MEA to reach 238m units by 2020

Pyramid Research forecasts that annual smartphone sales in the Middle East and Africa (MEA) will grow by a CAGR of 15 per cent to reach 238 million units by 2020.

GfK: Western Europe sees 6% decline in Q1 smartphone shipments

GfK said smartphone shipments in Western Europe shrank by 6 per cent year-on-year to 30 million units in the first quarter of the year, marking the first time that demand has fallen in the region on an annual basis.