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The rapidly growing demand for smartphones have provided many opportunities for growth for companies within the technology sector. According to a recent report from Strategy Analytics in the third quarter the number of smartphones being used around the globe topped 1 billion for the first time ever. The number of smartphones in use in the third quarter of 2012 totaled 1.03 billion, a 47 percent increase from third quarter 2011. Nokia introduced the first smartphone in 1996 and it has taken the smartphone industry 16 years to top the 1 billion mark. By 2015, the research firm predicts that number to double to 2 billion. The smartphone market in 2011 was estimated to be worth $219 billion according to Bloomberg Industries.

In a recently released report from comScore, Android made up nearly 47 percent of the U.S. smartphone market share by the end of November, followed by iOS at nearly 29 percent. But Android rose more than 3 percent from the previous month, while iOS only climbed 1.4 percent.

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