This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple Proves Again It's The Best In The World

Stocks in this article: AAPL NOK RIMM

NEW YORK ( TheStreet) - Apple (AAPL) proved again why its share price is soaring past $500, and hedge fund managers are flocking to the stock in droves.

During the fourth quarter, information technology research and advisory firm Gartner (IT) announced that Apple has overtaken Samsung as the world's top smartphone vendor, selling a robust 35.5 million units.

This varies from the 37.04 million iPhones Apple said it sold during the quarter, which may be because Apple's fiscal first quarter was slightly longer than the calendar fourth quarter.

Gartner noted that Apple captured 23.8% of the smartphone market during the fourth quarter, and 19% of the market for all of 2011, as the iPhone became increasingly popular, thanks in part to brisk sales of the iPhone 4S.

The press release said sales of the iPhone 4S in mature markets and weakness seen in key Android vendors led to Apple surpassing Samsung during the quarter.

"Western Europe and North America led most of the smartphone growth for Apple during the fourth quarter of 2011," explained Roberta Cozza, a principal research analyst at Gartner, in the press release. "In Western Europe the spike in iPhone sales in the fourth quarter saved the overall smartphone market after two consecutive quarters of slow sales."

Android was still the leading smartphone operating system during the fourth quarter, with 50.9% market share, but Apple's iOS inched closer, coming in at 23.8%, up 8% from the fourth quarter of 2010.

Both Nokia (NOK) and Research In Motion (RIMM) continued to lose market share year-over-year, as both companies are having trouble competing with the likes of Apple, as well as phones built around Google's (GOOG) Android. Nokia's Symbian and Research In Motion were third and fourth in operating system share during the fourth quarter of 2011.

Bada and Microsoft (MSFT) were in fifth and sixth place, respectively.

Apple shares were down $1.79, or 0.35%, to $507.67 in Wednesday trading.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs