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After losing the bidding war over Nortel Networks patents, Google Inc. (NASDAQ: GOOG) has purchased more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM).

If you thought U.S. Apple fans are impatient, check out the latest news coming from China. According to M.I.C Gadget, manufacturers of iPhone 5 silicone cases are now sweeping across the country in preparation of Apple's latest smartphone release.

Google just bought 1,029 patents from IBM. Blog SEO by the Sea first reported the news. Google subsequently confirmed the news on Friday.

Apple's iPhone 4 is over one year old, which is ancient in the technology world. Still, even with this 'old' product, Apple is dominating the smartphone industry.

Rumors of a light weight and cheaper iPhone sparked some life after a leaked photo reveals an iPhone 4S prototype. The prototype was encased with a white plastic backing rather than glass.

Apple out sold and out profited smartphone rivals in the second quarter this year using phones it introduced at least a year ago, but its upcoming iPhone 5 may push the company out of reach.

If it was a stock mutual fund, Apple would be among the ten largest in the U.S.

As unlikely as such a scenario might seem, it has actually happened in the past.

Apple Inc. (Nasdaq: AAPL) has more cash than the government of the Unites States.

Rumors about Apple's next generation iPhone, dubbed iPhone 5, is buzzing louder and if they are to be believed, the new smartphone from the technology giant is not only going to be released in September but also it's going to look radically different from iPhone 4, with no home button.

Samsung Electronics saw explosive growth during the second quarter, primarily due to the roll-out of its venerable Galaxy S2 smartphone, but the expected iPhone 5 from rival Apple could put the breaks on the S2.

AT&T employees have been reportedly asked to work during the last two weeks of September, suggesting the next generation iPhone will release in the same period.

Google Inc. (NASDAQ: GOOG) has acquired more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM), after it lost the bidding war over more than 6,000 patent filings from Nortel Networks.

Technology giant Apple Inc currently has $76 billion in cash while United States Treasury's cash balance fell to $74 billion this week.

Computer maker Dell Inc. entered the 10.1-inch tablet race by releasing its Android Honeycomb tablet, Dell Streak 10 Pro, especially for the Chinese market. However, the tablet has to deal with the iconic Apple iPad 2, as the benchmark for design and performance has been set by the Cupertino giant.

Although the completion of the $4.5 billion sale of Nortel's 6,000 patents has been announced, the U.S. Department of Justice intends to continue scrutiny over the deal. It is reportedly intensifying an investigation into whether the deal would unjustly hobble competitors.

The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.

Apple took the crown to become the No. 1 global smartphone vendor, but analysts predict that with the upcoming iPhone 5 will make for even more customers, extending its lead.

Nokia and Samsung has been demoted with Apple becoming the top smartphone vendor in the fierce global mobile device war. According to reports, Apple has sold over 20 million iPhones along with over 9 million iPads in the second quarter.

With the iPhone 5 set to be released later this fall, there has been some rumors that Apple may be looking to release the phone on both the Sprint and T-mobile networks.

The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.

Apple's iPhone is the most shipped smartphone in the world, according to Strategy Analytics.

Apple took the crown to become the No. 1 global smartphone, besting the long-time leader Nokia and aggressive Asian rival Samsung in the second-quarter.

Apple's so-called No. 1 smartphone, the new iPhone 5 is speculated to be released in early September, specifically on Sept. 5. According to a tech site, the claimed sighting made by an anonymous tip of the Apple's fifth prototype model being used by an employee was credible information.

Apple Inc. (Nasdaq: AAPL) has more cash than the government of the Unites States.

Investors were expecting Motorola's newest anticipated device, the LTE capable Bionic, to be released August. On top of the Bionic's delays, Motorola is also delaying their newest update of the Xoom tablet. To continue to add insult to injury, Motorola had to cut the price of their current Xoom tablet to $499 from $799 after disappointing sales.

iPhone 5 Faces HTC Vigor, Next LTE Dual Core HTC Thunderbolt

Nokia's tale of woe continues while Apple soars higher than ever before. The companies continue to head in opposite directions.

Apple took the crown to become the No. 1 smartphone vender in the world, besting the long-time leader Nokia and aggressive Asian rival Samsung in the second quarter.