Nokia on Wednesday announced its new flagship smartphone, the Lumia 920, with a 4.5-inch display, 1.5-gigahertz dual-core processor, and Microsoft's latest Windows Phone 8 mobile operating system.

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For the first time in 25 years, Microsoft has updated its logo, with a tiled symbol that evokes the logo for its Windows operating system, as well as the new tile-driven Metro interface being pushed by the company.

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A new estimate pegs Samsung's smartphone shipments for the second quarter of calendar 2012 at 52.1 million, which would be twice the 26 million iPhones Apple sold during the same period.

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For developers, Android is becoming more of a consumer-oriented platform, while iOS has taken the lead in business, according to a new survey.

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Nokia has cut in half the price of its flagship Lumia 900 smartphone, a device won't run Microsoft's forthcoming Windows Phone 8 platform refresh.

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Nokia's current flagship phone, the Lumia 900, won't be upgradeable to Microsoft's new Windows Phone 8 platform, leading some to expect Nokia's troubles will grow even more.

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Microsoft on Wednesday took the wraps off of Windows Phone 8, set to launch this fall alongside Windows 8 for PCs and the new Surface tablet, featuring e-wallet support with NFC chips, as well as support for high-definition screens.

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Riding a wave of momentum generated by the Surface tablet unveiling on Monday, Microsoft will be outlining plans for Windows Phone 8 on Wednesday as part of the company's push to take on Apple and Google in the mobile market.

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Once a dominant force in smartphones, struggling Nokia will ax 10,000 jobs by the end of 2013 in an effort to cut costs and turn the company around.

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Market analysts at IDC estimate that the share of handsets running Microsoft's Windows Phone will grow to take nearly 20 percent of the market by 2016 at the expense of Apple's iOS and Google's Android.

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Apple continues to gain share in the worldwide smartphone market, as the latest data shows the iOS mobile operating system accounted for nearly a quarter of all smartphones shipped in the first quarter of 2012.

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Though it only sells smartphones, Apple represents nearly 8 percent of all worldwide mobile phone sales, making it the third-largest handset maker.

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When asked to find the "best smartphone ever," the Siri personal assistant software on the iPhone 4S will tell users to check out the competing Lumia 900 smartphone made by Nokia.

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A new analysis claims the iPhone made up 30.7 percent of the U.S. smartphone market and 14 percent of the mobile market in the first quarter of 2012.

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Nokia on Wednesday issued a warning to investors that it was lowering its outlook for the first half of 2012 after the first quarter of the year proved "disappointing."

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Apple's Online Store was down on Tuesday night and the company took the opportunity to roll out a new "We'll be back" sign. Also, Nokia is now offering a $100 credit on its $99 Lumia 900 flagship smartphone after a software bug affecting data connections was discovered.

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Apple's iOS and Google's Android mobile platforms continued to grow over the last three months, accounting for 80.3 percent of the U.S. smartphone market.

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As of February, smartphone users accounted for nearly half of all wireless subscribers in the U.S., and Apple's iPhone adoption rate saw growth while Android handset activations slipped.

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The battle for smartphone operating system supremacy is quickly becoming a two-horse race, as the latest data from comScore shows that only Apple and Google were able to grow their market share in the U.S. through January.

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Apple was not only the largest seller of smartphones worldwide in 2011, taking 19 percent of all sales, but also overtook LG to become the No. 3 largest global mobile phone vendor, according to Gartner.

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