Apple regains top spot in smartphone market
The iPhone maker's share of the smartphone market has inched past rival Samsung.
Another interesting fact that came out of the excellent results was that Apple has overtaken Samsung in the smartphone market.
Apple sold 37 million iPhones last quarter, compared to 36.5 million smartphones sold by Samsung. With these results, Apple's global smartphone market share has increased to 23.9%, while Samsung's has risen to 23.5%. This finding also highlights the intense competition between the two tech giants as they wrestle for the top spot.
A few months back Samsung overtook Apple in the smartphone market for the first time ever. This was not surprising as many users delayed their iPhone purchases to await the arrival of the iPhone 4S (see Samsung Overtakes Apple, Can iPhone 4S Reverse This Trend?). The new iPhone has been a huge success and has helped Apple surpass Samsung in the smartphone market.
Apple is making rapid strides in all aspects of the smartphone market. According to a recent report, Apple's iOS has overtaken Research in Motion's (RIMM) BlackBerry in terms of popularity among corporates while Google's (GOOG) Android, which is in third place, is deemed the riskiest mobile platform in terms of security issues (see Apple Passes RIM in Corporate Market as iPhone Love Spreads to Work).
The battle between Apple and Samsung is not just limited to the smartphone market. The two are also embroiled in patent litigation in many countries after Apple accused Samsung last year of copying the iPhone and iPad designs. Samsung countersued, alleging Apple violated various patents related to its telecommunications standards.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The company complains after the son of Florida State's football coach is televised wearing -- gasp -- Under Armour.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.