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A new report from Juniper Research says music consumed on mobile handsets is expected to generate $5.5 billion (around £4.7 billion) annually in 2015. That's a rise of $3.1 billion from last year's total.

However, the report also warns that piracy still remains a significant threat, both online and on the mobile.

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Everything Everywhere – the joint venture between T-Mobile and Orange in the UK – has announced annual financial results for the nine months to 31st December 2010. These are the organisation’s first annual figures.

It achieved almost £5.3 billion in turnover for the 9 months since the venture was created. Adjusted EBITDA (before restructuring costs, brand and management fees) was £1.02 billion for the 9 months ended 31st December.

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This week's edition of The Fonecast includes its regular look at the latest mobile industry headlines - and it also returns to last week’s GSMA Mobile World Congress.

New shops from Everything Everywhere, mobiles on the tube, the ever-increasing interest in tablet devices and the future of applications are all up for discussion.

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Iain, James and Mark take their regular look at all the big mobile industry news stories affecting the UK... and this week they also review the highlights of Mobile World Congress 2011.

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Microsoft has released the first update for its Windows Phone platform.

However, this isn't adding the much-anticipated 'copy and paste' feature but is a smaller update designed to improve the software update process itself.

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