There’s no stopping the smartphone momentum. Smash-hit devices such as the iPhone will keep smartphone sales humming for a while. Global sales of smartphones will top 420 million units this year, accounting for 28 percent of all handsets sold, according to market research and consultancy IMS Research. By 2016, the firms projects sales will exceed …

LG Electronics posted a sharp decline in its second-quarter profit today, but managed to reverse a recent string of losses as its turnaround efforts begin to take effect. Roger Cheng/CNET The consumer electronics giant posted a profit of nearly $100 million, compared with a year-ago profit of $736 million, when it counted results from a business in which it no …

The music and technology worlds are colliding. That’s never been more apparent than at yesterday night’s performance by Jane’s Addiction. The concert was as much about entertaining a group of hardcore fans as it was about promoting LG’s upcoming Thrill 4G, AT&T’s first smartphone packing 3D capabilities. Dave Navarro (left) and Chris Chaney of Jane’s Addiction. Angela To Indeed, 3D …

Motorola Mobility’s Xoom tablet will finally be able to access Verizon Wireless’ super-fast 4G network in September. A Verizon representative today confirmed the Xoom will be getting a 4G LTE card after months of delays. The carrier is notifying customers now. Dow Jones Newswires first reported on the upgrade. One of the primary features touted during the unveiling of the …

RadioShack said today that it plans to drop T-Mobile USA and start selling Verizon Wireless products and services in its stores beginning in September. RadioShack The switch allows RadioShack to tap into Verizon Wireless’s customer base, which is currently the largest in the nation. It’s also a calculated move to detach itself away from T-Mobile, which is going through the …

InterDigital is taking aim at Nokia, Huawei, and ZTE, claiming the companies are illegally using its 3G wireless technology. InterDigital The developer of wireless technologies said today that it has filed a complaint with the U.S. International Trade Commission, seeking a ban on the importation of 3G phones, USB laptop sticks, mobile hot spots, tablets, and other wireless components from …

The mobile world moves at a breakneck pace, and it’s difficult to keep up–even without the technical jargon most industry insiders throw around. And they do love to toss those terms about. Earlier this month, I explained the nuances between the different 4G technologies and why you don’t want companies cramming you. With the carriers posting their quarterly earnings results …

LG Electronics’ Thrill 4G is the wireless industry’s latest attempt to push 3D capabilities into consumers’ hands. But it’s unclear if consumers are ready to grab hold of it yet. LG Thrill 4G showing 3D content. Nicole Lee/CNET 3D is the latest feature to be crammed in the increasingly Swiss Army-knife-like smartphone. Like with televisions, the feature is getting aggressive …

Horace Luke was HTC’s chief innovation officer Stephen Shankland/CNET HTC today confirmed its chief innovation officer, instrumental in helping build the company into the consumer brand it is today, left the company for “personal reasons.” Horace Luke, who HTC said “nurtured a culture of innovation,” left in April. Scott Croyle, vice president of design, took over his responsibilities. BGR.com first …

Lowell McAdam gets a new title on August 1. Sarah Tew/CNET Verizon Communications said today that Lowell McAdam will officially take over as chief executive on August 1. McAdam takes the reins from longtime Chief Executive Ivan Seidenberg, who will retain his chairman title. McAdam was widely known as the heir apparent when he was promoted to president and chief …