This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Apple iPhone 5 Takes Smartphone Crown From Samsung

Stocks in this article: AAPL

NEW YORK ( TheStreet) -- Despite the dark cloud hovering over Apple (AAPL), the tech giant received good news Wednesday, courtesy of Strategy Analytics.

The tech-research firm reports that Apple shipped an estimated 27.4 million iPhone 5s during the fourth quarter, taking the smartphone crown from Samsung's Galaxy S3 and accounting for 13% of all smartphones sold globally. Some 17.4 million iPhone 4S were sold, up from 16.2 million in the previous quarter.

Samsung shipped 15.4 million Galaxy S3s, down from 18 million in the third quarter, when the device topped the smartphone charts.

Together, Apple's iPhone 5 and iPhone 4S accounted for one in five of all smartphones sold globally during the fourth quarter, according to Strategy Analytics.

Strategy Analytics' numbers, however, aren't exactly out of the blue. Speaking during Apple's recent fiscal first-quarter conference call, CEO Tim Cook noted an all-time quarterly record for iPhone sales, driven by the iPhone 5 and strong demand in China.

Clearly, Apple's latest iPhone has continued the company's run of smartphone success.

"A rich touchscreen design, extensive distribution across dozens of countries, and generous operator subsidies have been among the main causes of the iPhone 5's success," wrote Neil Mawston, Strategy Analytics' executive director of Wireless Device Strategies, in a blog post.

The analyst says Samsung is plotting to regain smartphone supremacy. "Samsung will surely be keen to introduce its rumored Galaxy S4 upgrade in the coming weeks to fight back against Apple's popular iPhone range," he wrote.

In the meantime, the spotlight is firmly on Apple's iPhone. On Wednesday, for example, The Financial Times reported that Apple's manufacturing partner Foxconn has implemented a recruitment freeze at its Chinese factories as it slows production of the iPhone 5.

Foxconn, however, says the recruitment slowdown has nothing to do with the iPhone 5. "Due to an unprecedented rate of return of employees following the Chinese New Year holiday compared to years past, our company has decided to temporarily slow down our recruitment process," a spokeswoman said in an email to TheStreet. "This action is not related to any single customer and any speculation to the contrary is false and inaccurate."

Speaking at the Goldman Sachs Technology and Internet Conference last week, Cook predicted that the smartphone market will double to $1.4 billion in the next few years.

"People love to upgrade their phones regularly -- I see a market that's great to be in," he said, adding that the iPhone is still only available to 50% of the world's subscribers.

Shares of the Cupertino, Calif.-based firm slipped 2.1% to $450.27 on Wednesday, surpassing the Nasdaq's decline of 0.66%.

-- Written by James Rogers in New York

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,827.86 +108.86 0.61%
S&P 500 2,066.49 +13.74 0.67%
NASDAQ 4,727.1070 +25.24 0.54%

Brokerage Partners

Rates from Bankrate.com

  • 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