A research note published by Canaccord Genuity has revealed that in June the iPhone 5 was the top-selling smartphone at “essentially all global carriers”.
Despite this feat, it also found that the iPhone had been losing global market share to Samsung following the release of the Galaxy S4. Whilst it’s not clear just how much impact the S4 has made on the iPhone 5, it’s clear that the Korean giant is beginning to catch up.
That being said, it’s also very evident that the iPhone 5 is the most popular smartphone in the world. Based on that, Canaccord still estimates Apple’s 12-month price target at $530, with Apple currently sitting at $422.35.
With an iPhone release slated for the Fall, it’s very likely that this landscape will shift again, much like it always it does, in favor of Apple.