ABI Research said that Apple would soon face market share rivalry with several Chinese low-cost smartphone manufacturers.

Strategy Analytic reported that Samsung already took Apple's place as the world's most profitable smartphone firm.

Facebook would make its capital investments worth US$1.6 billion in 2013 to capitalize on the number of its users and its mobile advertising base.

According to several analysts, the mobile ad boom of Facebook would provide an excellent model for other social networking sites.

The users of Instagram complained about a hack that posted photos of smoothies and fruits to their accounts.

Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.

Japan's Renesas Electronics Corp would close its system LSI chip plant due to the decreasing popularity of game consoles.

Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.

Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.

The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.