The U.S. smart-phone market is growing at a rapid pace despite the ongoing global economic slowdown. A recent analysis by CTIA Wireless has revealed that the country’s wireless service providers have generated a massive $19.4 billion of data revenues from smart-phone users during the first half of 2009. This is an improvement of 31% year over year. This is primarily due to a shift in consumer preference towards feature-enhanced high-end PDA devices from ordinary mobile handsets used primarily for voice telephony. The PDA market size is likely to approach $200 billion by 2012, according to various industry sources.   This grand opportunity provides massive scope for telecom service providers, equipment manufacturers, chipset developers, and wireless tower operators to retain new users and grow revenues moving forward. According to the CTIA Wireless report, at present, the U.S. has more than 246 million data capable devices with 40 million smart-phones or ...

Research In Motion (RIMM) is likely to introduce its BlackBerry Storm2 in September. Yesterday, Verizon Wireless (VZ) slashed the price of the currently available BlackBerry Storm 9530 smart-phone to $50 with a two-year service contract. Industry sources infer that this may be an indication for the early launch of BlackBerry Storm2 as both companies gear up for the new smartphone.

Launched in November last year, Research In Motion’s first touch-screen mobile handset Storm aimed to counter the growing popularity of Apple Inc.’s (AAPL) iconic iPhone. The launch of Storm2 in September/October would cut the older version’s lifetime to less than a year, indicating cut-throat competition in the smart-phone industry.

This market is getting increasingly crowded with new players and should witness intense competition going forward. In addition to Research In Motion, Apple and Palm Inc. (PALM), Nokia Corp. (NOK) and Samsung have launched a

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Research In Motion (RIMM) yesterday announced that it acquired Torch Mobile, a web-based software and application developer. Torch Mobile uses the open-source web browser layout engine WebKit to develop web applications for mobile phones.  The company’s flagship Iris Browser product is a web browser for mobile phones with a customizable interface and touch-screen control.  Iris browser can be used on many devices and platforms. The browser contains software components for web services compatible with Google (GOOG) gadgets, Yahoo (YHOO) widgets, and several other web platforms.

RIMM has been able to successfully differentiate its BlackBerry products from other offerings in the communications market. BlackBerry smart-phones are admired globally for their best e-mail functionality. However, its web browsing capability is not as powerful as iPhone of Apple Inc. (AAPL), Pre of Palm Inc. (PALM) and Google Android. All of these browsers are based on the WebKit ecosystem. In

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