Apple Inc. shipped 29 million of its flagship iPhone device during the holiday quarter, according to analysts at research firm Canalys, making it the most shipped model during the period. The device was in short supply for much of the quarter, but production ramped up toward the end of November and into December, Canalys said in a release. Chinese customers accounted for 7 million of the shipments, by the firm’s count. “While new technologies, such as Face ID and bezel-less displays, help to justify the US$999 price tag and maintain competitiveness with Samsung, Huawei and Google, having a larger portfolio allows Apple to meet its overall shipment targets, and protect its market leadership in the premium segment,” the release said. Apple reports earnings for the December quarter on Feb. 1 and analysts surveyed by FactSet expect that the company sold 79 million iPhones in total during the period. Apple shares have gained 47% over the past 12 months, compared with a 32% rise for the Dow Jones Industrial Average .
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