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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BlackBerry misses revenue forecast in latest quarter, vows to return to sales growth

BlackBerry reported a narrower net loss for its fiscal third quarter and said it continues to expect to achieve profitability sometime in its next fiscal year. However, although the firm is nursing itself back to financial health, the company's revenue fell off sharply in its most recent quarter and the firm only sold 2 million BlackBerry smartphones in the period.

Google seeks to toss out antitrust lawsuit over default Android apps

Lawyers for Google are going to try to persuade a federal judge on Thursday to toss out an antitrust suit that claims Google forces its Android hardware partners to use Google Search, Maps and other services as default applications. Google contends that agreements it strikes with companies like Samsung Electronics and HTC on Android that include those provisions are not anti-competitive.

BlackBerry's Chen sees devices as more than just phones, focuses on Internet of Things opportunity

NEW YORK--BlackBerry CEO John Chen said he thinks the company's device business is important--but he said he's spending much of his time looking beyond smartphones to the wider Internet of Things (IoT) market.

BlackBerry brings back the keyboard with Classic phone, partners with AT&T, Verizon

NEW YORK--BlackBerry formally unveiled its new Classic smartphone, an upgrade to its iconic Bold smartphone with a physical Qwerty keyboard and trackpad. The company also is partnering with AT&T Mobility and Verizon Wireless to release the Classic.

Gartner: Global smartphone sales grew 20.3% in Q3 2014

Sales of smartphones to end-users grew 20.3 per cent year-on-year to reach 301 million units globally.

Sprint reiterates Windows Phone support with Microsoft Lumia 635 launch

Sprint is making good on its promise to support Microsoft's Windows Phone platform, and today announced it will sell the mid-range Lumia 635.

Xiaomi posted $56M profit in 2013 but razor-thin margins, filing shows

Xiaomi posted $56.1 million (347.5 million yuan) in net profit last year, according to a regulatory filing. The filing provides a glimpse inside the finances of privately owned Chinese smartphone vendor Xiaomi, which has rocketed up the rankings to become one of the world's top smartphone brands in the past few quarters.

Xiaomi, OnePlus and other Chinese manufacturers face hurdles in international smartphone expansion

Although Chinese-based smartphone makers Xiaomi and OnePlus have garnered attention and market share this year as sales of their low-cost models have thrived, the companies face obstacles to expanding globally, including patent litigation and a lack of brand awareness among Western consumers.

Samsung combines U.S. mobile and consumer electronics units

Samsung Electronics plans to combine its two U.S. sales units into one in order to more efficiently address the market. The shakeup is part of a broader reorganization, especially for the company's mobile business.

Infonetics Research: iPhone 6 drives uptick in smartphone market

The smartphone segment was boosted in the third quarter of 2014 by the launch of Apple's iPhone 6 combined with the continual adoption of lower-cost, entry-level smartphones that enable new users to become mobile broadband subscribers for the first time.