Apple Inc. (NASDAQ:AAPL) has officially passed Samsung Electronics (NASDAQ:SSNLF) as the world’s top manufacturer of smartphones in the fourth quarter of 2014, according to a report by Gartner. This news comes as Apple reported the best performing quarter in the history of any business in the United States – smashing records previously held by the likes of major oil companies. That being said, the report by Gartner revealed that Apple commanded 20.4% of the market – compared to Samsung’s 19.9% share of the market. Those figures are down nearly 10% for Samsung, who experienced one of the worst years in the history of the company.

That being said though, the release of a larger iPhone seemed to do the trick for Apple – who was beginning to fight rumors regarding the future and the position of the company in the global market. Many had been thinking that Apple might be slowly killing itself with the lineup of expensive products that the company puts on the market – but the results seem to show otherwise. While many have argued in favor of Samsung, citing that Apple always does better during quarters when they release new iPhone – that doesn’t change the fact that Samsung didn’t just do poorly in the last quarter.

Their failure was one that lasted the entire year, and now that Apple has edged out Samsung by a few million devices, it would appear as though the tide is finally shifting. However, Samsung is still poised to take a significant share of the market this year with the Samsung Galaxy S6 and S6 edge, however, that doesn’t change that Apple’s iPhone 6 and 6 Plus were major players on the global stage, and continue to be major players as we head further into 2015.

Apple accounts for 93% of smartphone profits in Q4

Apple sold a record-breaking 74.8 million smartphones while Samsung sold 73 million. While it wasn’t a bad quarter when looking at it that way, the gap is still significant when looking at the direction the two companies are headed, especially with so much chatter running around the market last year on this subject. Apple is clearly headed upward – despite what Samsung has done this year to regain some of the control they lost in the smartphone market. For Samsung though, it’s the fact that the competition isn’t just coming from Apple – and Chinese manufacturers as well, who are producing less expensive devices that are chipping away at those profits, as well.