Samsung cuts into iPhone lead

Investor's Business Daily

The Korean electronics giant's smartphones, which feature Google's (GOOG) Android software, are riding "an explosive wave of momentum" in N. America, eroding Apple's (AAPL) dominance, according to a new market survey by ChangeWave. The survey found that 50% of consumers who planned to buy a smartphone in the next 90 days expected to get an Apple iPhone. That's down from 71% in Sept., when the iPhone 5 launched. About 1 in 5 smartphone buyers surveyed planned to get a Samsung handset, up from 13% in Sept. and 19% in June when Samsung's Galaxy S3 debuted. Google edged up 0.2% to 724.93.

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