The year is winding down, and like clockwork, TIME Magazine has released its annual collection of 55 lists showcasing the best and the worst of the past 12 months. And as you've probably already gleaned from the title, the publication has named the iPhone 5 its 'Gadget of the Year.'
Apple's handset beat out several rival products from Samsung and Microsoft, including the Note II and the Surface tablet, as well as Nintendo's new Wii U gaming console. In fact, author Harry McCracken says that it's is one of the most artfully polished gadgets anyone’s ever built...