SteveManorMicrosoft to announce new phone software

Microsoft Corp is set to announce the new mobile phone software on Monday, as it looks to wrestle back market share from Apple Inc’s iPhone and Research in Motion Ltd’s BlackBerry, said the source close to the company.

The world’s largest software company, which makes operating systems for phones made by HTC Corp, Samsung Electronics Co Ltd, Motorola Inc and others, is hoping to regain momentum in the fast-growing sector after a lackluster update to its mobile software in October.

The overhaul of Microsoft’s phone technology comes as it hemorrhages market share in the burgeoning smartphone market, which many see as the key to the future of communication and media.

Last year, Microsoft took an 8.8 percent of the global smartphone operating system market, according to technology analysis firm Canalys, down from 13.9 percent the year before.

It trails Symbian, the system used on Nokia phones, which has 47.2 percent of the market, RIM’s BlackBerry with 20.8 percent and Apple’s iPhone with 15.1 percent.

Microsoft also faces competition from Google Inc’s new Android system, which already has a 4.7 percent share of the market.

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