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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T-Mobile MVNO US Mobile brings Xiaomi and Meizu phones to America

A little-known MVNO is bringing two Chinese phone manufacturers to the U.S. market. And one of them is a powerhouse.

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JPMorgan Chase is planning to upgrade its entire fleet of ATMs to enable users to withdraw money via their smartphones, USA Today reported. Customers can use a one-time pin number that will be sent to their phones, then can tap to withdraw cash via an NFC connection.

Microsoft's Lumia smartphone sales tumble 57%, to just 4.5M units

Microsoft lost even more ground in mobile during its most recent quarter, posting a whopping 57 percent drop in Lumia sales year-over-year. The company sold only 4.5 million Lumia devices during the quarter, down from 10.5 million during the final quarter of 2014.

T-Mobile launches half-off smartphone promotion, adds data to refreshed prepaid plans

T-Mobile launched a promotion offering customers half off a second smartphone when they buy one at full price. The deal is available to new and existing T-Mobile Simple Choice customers and applies to a variety of handsets including four Samsung Galaxy devices.

LG's struggling handset business buoyed by N. America, company promises two new flagship models

LG Electronics' mobile business continued to be a drag on earnings as the South Korean company narrowed its quarterly net loss to $117 million. The company's mobile division lost $36 million during the quarter.

ABI Research: Enterprise smartphone data revenues to surpass $200B in 2020

ABI Research predicted that revenue from enterprise smartphone data plans will exceed $200 billion (€184 billion) in 2020, bring a welcome boost to mobile operators worldwide.

AT&T targets business users with 2-for-1 smartphone offer that includes Galaxy S6, iPhones

While the tier-one carriers continue their frenzied campaigns in an effort to poach competitors' consumers, AT&T this week began targeting business users.

Gartner forecasts drop in spending on devices for first time in 2016

Gartner predicted that worldwide spending on devices including PCs, 'ultra mobiles', tablets and mobile phones will decline for the first time in 2016, although overall shipments are expected to increase slightly by 1.9 per cent to reach 2.4 billion units.

IDC: More than 29M mobile devices shipped in Middle East in Q3 2015

IDC said 29.75 million mobile phones were shipped across the Middle East region during the third quarter of 2015, marking a 4.4 per cent increase on the previous quarter.

China's Xiaomi sells 'over' 70M phones in 2015, below its forecasts

Xiaomi said it sold "over 70 million" phones in 2015, falling well short of the 100 million founder Lei Jun once predicted.