Canaccord Genuity analyst Michael Walkley did his monthly store survey, with results showing that the Galaxy S4 topped sales of the iPhone. Samsung also lowered prices on the S III and Note II to capture market share away from its fierce rival. "While we believe Samsung and Apple maintained dominant share of the U.S. smartphone market versus sub-scale Android OEMs and struggling Windows Phone and BlackBerry ecosystems, we believe Samsung, on the strength of strong Galaxy S4, S III, and Note II sales surpassed Apple to gain top share of the U.S. smartphone market for the first time since the iPhone 5 launch," Walkley wrote in his note. He rates Apple shares "buy" with a $560 price target.
Apple is expected to announce a new iPhone later this year, as it seeks to recapture the minds of not only consumers, but investors.
If this is indeed true, Samsung, which licenses Google's (GOOG - Get Report) Android operating system, would have the top-selling smartphone for the first time in nearly a year. The iPhone 5, which was released in September 2012, held the top spot at Verizon (VZ), Sprint (S) and T-Mobile (TMUS), and the second spot at AT&T (T).It is interesting to note that research firm comScore said Apple held the top spot in April in the U.S., owning 39.2% of the market, up from 37.8% in January. Samsung had 22% of the market, up from 21.4% in January. Even as Apple increased market share during the timeframe, Android still continues to remain the dominant operating system domestically. Android had 52% of the market in April, compared to 52.3% in January. The 39.2% for Apple's iOS was good for a jump of 1.4%, most of which came at the expense of BlackBerry (BBRY), which lost 0.8% in market share. Apple shares were lower in Wednesday trading, off 0.86% to $445.43. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Chris_Ciaccia