Apple is known for making high end electronic devices and the iPhone is the most popular gadget if this company. Apples released the latest version of iPhone in September 2012, which was called as iPhone 5. This gadget was one of the most awaited phones and the company was expecting that it will break all the records of the sales.
However, the gadget done good business in the beginning as the company was having a large number of pre orders. However, increasing competition has reduced the sale of the phone, remarkably. South Korean company, Samsung is giving tough time to the Apple and Galaxy range of Smartphones is the key competitor for iPhone 5.
If we talk about the market share, Apple was having the maximum shares but now Samsung has taken this pride. Samsung launched the first model of galaxy phones in 20120, and since then it has crossed the 100 million line. According to to an estimate, the sale of the iPhone will be 180 million in the current year but the sale of Samsung will be around 290 million. The share price of Apple has fallen nearly 28%, which is quite alarming for the company.