Apple sees record iPhone profits despite fourth quarter smartphone slowdown

A new report from Juniper Research says that Apple saw 20% year-over-year growth in iPhone sales despite a sales slowdown in the fourth quarter. The research group says it was the slowest ever year-over-year growth, but one with record profits.

Samsung shipped an estimated 317 million smartphones, representing less than 1% year-over-year (YoY) growth, says Juniper Research. Microsoft’s phones continue to slide with shipments declining 57% YoY to 4.5 million devices.

“Global smartphone market slowdown has begun to impact all players, with the slowest Q4 market growth since 2008,” notes Juniper Research. “This has begun to impact even the usually impervious Apple, which reported a 0.4% YoY growth in iPhone shipments for the quarter. However, successes early in the year gave the California-based company a more comfortable 20% year-on-year growth.”