Apple's lower-cost iPhone 5C will retail for more than $700 in China, putting it out of reach of most consumers and raising questions over the firm's ability to build sales in the world's biggest mobile market.
Global smartphone sales are expected to top one billion in 2013, driven by low-cost handsets and gains in emerging markets, a research firm said Wednesday.
Nokia, the former star of the cellphone world, has seen its light further dimmed by the news Tuesday that Microsoft Corp. was acquiring its handset operations.
Apple has asked its Taiwan-based supplier to begin shipping two new versions of the iPhone next month, including a lower-cost model, the Wall Street Journal reported Monday.
Apple shares gained Monday after a report saying the California tech giant was set to announce its next iPhone at a September 10 event.
Smartphones powered by Google's Android software increased their global market share as iPhones lost ground in the absence of new models being unleashed by Apple, the International Data Corporation reported Wednesday.
NEC said Wednesday its net loss swelled in the three months to June, as the Japanese information technology giant announced plans to exit its once-dominant smartphone business.
Windows-powered smartphones made strong gains in the US market in early 2013, capturing third place, with Android and Apple at the top, a survey showed Monday.
Struggling Finnish mobile giant Nokia unveiled Thursday a $99-touchscreen smartphone as it battles to gain traction in India and other emerging markets to reverse falling sales.
MediaTek Inc., Asia's largest chipset designer, said Monday its first quarter profit grew 51 percent from a year earlier, boosted by China's flourishing smartphone market.