With the post-Jobs Apple seeing plummeting stock and the possible introduction of shorter refresh cycles, countless are screaming the Infinite loop company’s demise. Hate to break it to you folks, but Apple is not doomed. The iPhone has broken its record for smartphone market share and now dominates 53% of the market.
To put this in perspective, the iPhone held only 37% of the market at this time last year. Moreover, Android has fallen to a 42% share, from the position that the iPhone currently holds — 53%.
The reason for this is undoubtedly due to strong iPhone 5 sales. The device, as many critics have said, may not be very different from previous iPhones, but it’s still likely one of the best — if not the best — mobile phones currently available.