Apple continues to be a dominating force in the technology industry, and particularly in the mobile phone sector.

The American manufacturer had an extremely successful year in 2012, becoming Wall Street’s all-time Most Valuable Company (MVP) when its stock closed at $665.15 (£412.64) on August 20th.

In March, the firm reached an important milestone when total downloads from the App Store topped 25 billion.

Apple’s Eddy Cue said: “We never imagined that mobile apps would become the phenomenon they have, or that developers would create such an incredible selection of apps for iOS users.”

At the end of the third quarter, the company announced that it had sold 26 million iPhone handsets and achieved revenue of $35 billion in the three-month period.

The highlight of the year for the majority of Apple fans was the launch of the sixth-generation iPhone 5 device on September 12th.

Shortly afterwards, the company rolled out a new version of its operating system, iOS 6, which included new tools like Apple Maps and Passbook.

Posted by Claire Marshall

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Written by Mazuma

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