Samsung Galaxy: Big Competition for Apple's iPhone
Samsung is catching up to the popular smartphone, hitting big sales marks earlier. Video by fox47news.comvideo
Apple may be about to lose its seat atop the smartphone throne.
There could be a new kid on the block, and that means one thing: the iPhone's dominance could be over.
Samsung says it has sold over one hundred million Galaxy smartphones since it was released less than three years ago. And the announcement should put Apple on notice.
It took Apple nearly four years to sell one hundred million units since its debut. To put it simply: Samsung is catching up. And catching up fast.
Demand for Apple may also be slowing. The company cut orders from suppliers for iPhone screens, meaning that Apple isn't selling as many phones as they had initially expected - and investors are concerned.
For the first time in a year, shares of Apple fell below $500.
It's not just Samsung that's gaining ground. Nokia is also now a serious competitor. The company exceeded sales expectations in the fourth quarter. And if you look at the stock price alone, Nokia shares have beaten Apple's by more than 150% since last August.