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This is an entirely stunning statistic: Apple's iPhone sales are now worth more than all of Microsoft: One Apple product, something that didn’t exist five years ago, has higher sales than everything Microsoft has to offer.

More details about the presumably imminent release of the next iPhone have emerged, if the typically anonymous spate of Internet sources are to be believed.

A Samsung Electronics Co Ltd expert witness testified on Tuesday that Apple Inc's iPhone and iPad violate three of Samsung's patents, as the South Korean electronics company went on offense in the third week of a high stakes trial.

The latest numbers are in: Android is on top, followed by iOS in a distant second. This word comes from Gartner, a top research firm for these sorts of things. Overall, within the last quarter, Android outsold iOS devices nearly three to one while capturing 64% of the worldwide market share. Samsung was the top dog accounting for 90M handset sales.

Apple has reportedly given the okay to its retail stores to price-match iPhones sold by other, authorized sellers. Citing an unnamed source, MacRumors reported Thursday that Apple stores will price-match the iPhone 4 to as low as $49.99 and the iPhone 4S to as low as $149.99, posting a document that says customers can ask for savings of nearly $50.

Samsung Electronics is set to take the wraps off a sequel to its popular Galaxy Note smartphone at an event on August 29, about two weeks before the possible debut of Apple's new iPhone. The two arch rivals are bracing for a full-blown battle with the expected rollouts of the two key models coming as they lock horns in a high-stakes patent trial in the United States.

Samsung Electronics Co. defeated a bid for judicial sanctions against it by Apple (AAPL) (AAPL) Inc. related to evidence in the iPhone patent dispute now on trial in San Jose federal court in California.

Apple is said to be ready to introduce a new iPhone with an event on Sept. 12, according to a person with knowledge of Apple's plans.

Two tech titans will square off in federal court Monday in a closely watched trial over control of the U.S. smartphone and computer tablet markets. Apple Inc. filed a lawsuit against Samsung Electronics Co. last year alleging the world's largest technology company's smartphones and computer tablets are illegal knockoffs of its popular iPhone and iPad products. The Cupertino-based company is demanding $2.5 billion in damages, an award that would dwarf the largest patent-related verdict to date.

If Apple Inc's weaker-than-expected quarterly result is anything to go by, the global smartphone industry is a lot more vulnerable to economic shocks these days than during the 2008-2009 financial crisis.