According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.

Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.

BlackBerry is the first mobile maker to secure the US Defense Department's device administration approval.

Meiji Yasuda, Fujitsu and Microsoft Japan would all team up to upgrade 30,000 Windows XP computers to tablets running Windows 8 operating system.

Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.

Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.

Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.

Investors examined Facebook's price to earnings ratio and found that US$38 each share was overvalued.

Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.

The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.