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(Reuters) – Apple Inc on Wednesday launched its latest iPod touch gadget at a time when the company is looking to popularize its new music service. The new iPod features an 8 megapixel iSight camera, FaceTime high-definition camera and also houses Apple-designed A8 chip, which is used in iPhone 6. The iPod, which will give access to Apple Music, also features fitness tracking M8 motion co-processor.

(Reuters) – Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner. Apple sold 74,832 smartphones to end users worldwide, ahead of the 73,032 phones sold by Samsung, according to Gartner's report. The success of big-screen iPhone 6 and 6 Plus drove Apple's sales in its first quarter ended Dec. 27.

By Andrew Chung NEW YORK (Reuters) – Apple Inc has been ordered to pay $532.9 million after a federal jury in Texas found that its iTunes software infringed three patents owned by patent licensing firm Smartflash LLC. Though Smartflash had been asking for $852 million in damages, Tuesday night's verdict was still a blow to Apple. The jury, which deliberated for eight hours, determined Apple had not only used Smartflash's patents without permission, but did so willfully. Apple, which said it would appeal, said the outcome was another reason reform was needed in the patent system to curb litigation by companies that don't make products themselves.