Samsung and Sony would introduce their new devices in September 2013, ahead of Apple's iPhone launch.
RBC Capital's analysts raised their price target on Apple Inc from USD475 to USD525 due to buyback chatter and the release of new Apple products.
Apple's stock rose after Carl Icahn expressed his interest in the company amid the release of Apple's new products.
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Arno Lenior, Samsung Australia's chief marketing officer, said Apple-mocking ad campaigns has worked wonders for Samsung.
3D printing continued to spur copyright clash between low-end 3D printer users and various companies that defend their copyrights on electronics.
T-Mobile disclosed that the iPhones from Apple generated 29% of the carrier's total sales during the second quarter.
Apple generated US$4 billion from iTunes software and services during the second quarter.
According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.
Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.
Analysts said that US President Barack Obama's ruling could aid the sales of Apple and could be Samsung's setback.
Analysts said that launching a mid-range iPhone would allow Apple to get the interest of the Chinese market and increase it revenue.
Samsung devices satisfy customers more than the iPhone, according to ACSI.
Analysts said that Apple's business strategies and continuous innovation would be the key to the company's success in the future.
Analysts stated that Apple currently presents several avenues for sustained growth which makes it a good investment.
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