The Rise of Smartphones | Latest Smartphone Processor | MediaTek

 Over time, more and more customers are buying smartphones in unprecedented ways. This trend is being fueled by the fact that all major smartphone manufacturers are launching more and more cheap smartphones in the market.

For the uninitiated, latest smartphone processor is a phone that can connect to the internet and have the ability to run and purchase apps. Even cheap smartphones are equipped with voice, data, Wi-Fi, Bluetooth and GPRS capabilities. The operating systems most commonly used in budget smartphones include Google's Android, Apple's iOS and Windows' Mobile 7. Most smartphones, including budget smartphones, use 3G wireless communication technology and switch to Wi-Fi when available. In fact, newer budget smartphones are being made to accommodate the upcoming 4G technology.

According to the report, in the last quarter of 2011, more than 416 million mobile phones were sold to end users worldwide. This is a 35% increase over the same period in 2009. Sales of smartphones, including budget smartphones, increased by more than 95% compared to the third quarter of last year. In the last quarter of 2010, smartphones accounted for more than 19% of total mobile phone sales.

The United States has more than 290 million mobile phone users, and the country's mobile phone penetration rate exceeds 92%. More than one in every four households has a mobile phone and no landline connection. Hence, an increase of more than 2.1% over 2009. Despite a landline connection, almost one in six households use only a mobile phone. There are nearly 5 billion smartphone users worldwide, and a significant portion of them use inexpensive smartphones.

With the establishment of networks equipped with higher speeds, more and more customers are expected to turn to the mobile internet. Smartphone users are downloading thousands of apps and spending huge sums through mobile payments. Today, the younger generation uses smartphones for most of their e-commerce transactions. Most surprisingly, most of them hadn't been to a bank for many years.

As more and more people use latest smartphones, concerns about phone security are bound to increase. If you are one of the people who purchased a smartphone, use a unique numeric code to lock your phone. More than 50% of smartphone users don't use it, and their phones are more vulnerable to thieves and hackers. Also, do not store any bank passwords in your smartphone. Nearly 24% of users do so, with 40% saying losing their phone is worse than losing their wallet. More than 2 million mobile phones are stolen or lost every year. That's one call every 15 seconds.

This segment will witness huge growth in the coming days as more and more mobile phone manufacturing companies focus their attention on making cheap smartphones. Combine that with lower subscription fees and smartphone users will have a big time.