Smartphones account for over half of all mobile phone sales

The mobile industry is growing at an insane pace. Mobile broadband connections are expected to reach 2 billion this year and high-speed LTE connections are expected to reach 150 million.

Already the bulk of mobile phone sales in the United States, smartphones accounted for 55 percent of all new cellphone subscriptions globally, up from just 40 percent a year ago, according to a new report from Ericsson.