Apple Roundup: $150B in iPhones, Lawsuits, Sprint - TheStreet

NEW YORK (

TheStreet

) -- The top

Apple

(AAPL) - Get Report

chatter on Wednesday includes the whopping amount of iPhone sales since the product's inception, the tech giant won an injunction against its top competitor, and

Sprint

(S) - Get Report

is showcasing the benefits from having the iPhone.

Friday is the fifth anniversary of Apple's iPhone, and since that time the iconic smartphone has generated $150 billion in revenue for the company,

Strategy Analytics said in research report

. The full report can be found

here.

Strategy Analytics Executive Director Neil Mawston said that Apple is still at the "top of its game," as the iPhone turns five. The next five years could be more difficult Mawston stated, citing telecom concerns "about the high level of subsidies they spend on the iPhone, while Samsung is expanding its popular Galaxy portfolio and providing Apple with more credible competition."

Apple has had a long-standing fight with

Samsung

over patents used on its mobile phones and tablets, and now

Apple has won an injunction

against its fiercest competitor as sales of Samsung's Galaxy Tab 10.1 Android tablet in the U.S. have been halted.

U.S. District Judge Lucy Koh reconsidered her earlier decision to deny Apple's plea following a ruling from a federal appeals court.

"Although Samsung has a right to compete, it does not have a right to compete unfairly, by flooding the market with infringing products," Koh wrote in her decision,

Reuters

noted. The decision only affects the Galaxy Tab 10.1 Android tablet, and retailers will be permitted to sell off remaining inventory. Samsung has already released a new version of the tablet, the Samsung Galaxy Tab 2 10.1. Samsung is likely to appeal the ruling.

Apple could not be immediately reached for comment.

Even though

AT&T

(T) - Get Report

and

Verizon

(VZ) - Get Report

have largely reaped the benefits of having the iPhone on their networks, Sprint is demonstrating the benefits by picking up new customers.

Consumer Intelligence Research Partners

conducted a

survey

showcasing that just 67% of iPhone users were originally Sprint customers. The rest of those customers came from AT&T (9%), Verizon (2%) and

T-Mobile USA

(5%). The largest segment (16%) came from "other," mostly pre-paid carriers. T-Mobile does not currently offer the iPhone.

Conversely, 80% of AT&T iPhone users were already with the company, while 85% of Verizon iPhone users were already with the company. Following a switch to the iPhone, both AT&T and Verizon keep 94% of their customers, while 88% of customers remain with Sprint.

Shares of Apple edged higher in Wednesday trading, up 0.56% to $575.21.

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Written by Chris Ciaccia in New York

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