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“Raymond James’s Tavis McCourt, who has an Outperform rating on shares of Apple, and a $690 price target… [compares] the iPhone 4, 4S, and 5 generations, combined, to the various editions of Samsung’s ‘Galaxy S’ series of phones running Google’s Android, compared with the two editions so far of the ‘Galaxy Note’ phone-cum-tablet, or phablet,” Tiernan Ray reports for Barron’s. “By McCourt’s reckoning, ‘We estimate Apple has sold approximately 219 million cumulative iPhone 4, 4S and 5 devices (which excludes sales of the original iPhone, iPhone 3G and 3GS) since the launch of the iPhone 4 in June 2010 vs. 131 million for Samsung’s Galaxy Series S and Note smartphones since the launch of the Galaxy S also in June 2010.'”
“McCourt writes that although Samsung’s lineup has been ‘tremendously successful,’ the “sudden negative sentiment related to iPhone” has prompted him to want to compare the Galaxy sales versus iPhone sales in the last two and a half years,” Ray reports. “McCourt thinks the iPhone has extended its lead in volume of shipments over Samsung in the last 12 months.”
Read more in the full article here.
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