Figures from ABI Research show that smartphone shipments grew 41% year-on-year to 144.6 million during the first quarter of 2012. However, this market is now dominated by two companies: Samsung and Apple accounted for 55% of global smartphone shipments in Q1 2012 and over 90% of the market’s profits.

The report notes that Nokia’s smartphone shipments fell by 40% from the previous quarter, which means it could soon be overtaken by RIM despite BlackBerry shipments also declining sequentially.

International supermarket group Tesco has taken control of the WE7 online music service for a purchase price of £10.8 million.

It follows Tesco’s acquisition of video service blinkbox last year and comes just a few days after rival supermarket Sainsbury’s bought an eBook retailer.

Motorola Solutions has agreed to acquire mobile computing business Psion plc in a deal worth $200 million (£128 million). It’ll then combine Psion with its Enterprise Mobile Computing business

Psion was formed in 1980, becoming a pioneer of mobile computing. It’s also responsible for the EPOC operating system, which later turned into the Symbian OS.

Everything Everywhere and Nokia Siemens Networks have announced a machine-to-machine partnership that will link vending machines to NSN's cloud-based VendMe service via Everything Everywhere SIM cards.

It allows vending machine owners to take advantage of remote stock monitoring, location-based promotional messages and mobile payments.

Mobile payment provider iZettle has completed a €25 million (£20.2 million) round of new funding led by Greylock Partners and Northzone, with MasterCard and SEB Private Equity investing as well. Previous investors Index Ventures and Creandum have also participated.

iZettle turns an iPhone or iPad into a credit card terminal using a mini chip-card reader and app.