Smart Phone Purchases On The Rise

Smart Phone Purchases On The Rise
According to a new report from Nielsen, 38 percent of U.S. mobile consumers now own a smart phone, with 55 percent of consumers reporting purchasing a smart phone in the last three months, up from 34 percent last year. The leading smart phone operating system in the United States is Android with 38 percent of the market, followed by Apple's iPhone (27 percent), Research in Motion's BlackBerry (21 percent), Windows Mobile (9 percent), Nokia's Symbian (2 percent), and Palm OS and Windows Phone 7 (1 percent each). (7/1)

HMV Profits Down 61 Percent
UK entertainment retailer HMV Group reported an annual profit decrease of 61 percent and a loss of nearly $200 million for the year ending April 30, compared to a year-ago gain of $70 million, according to Digital Music News. The news follows reports earlier this week of the sale of HMV's 125 stores in Canada in an effort to aid in the struggling retailer's restructuring and debt-cutting plans. (7/1)

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