Time Magazine has released its list of 2012's best gadgets and Apple's iPhone 5 tops the list. Time's Harry McCracken calls it "one of the most artfully polished gadgets anyone's ever built" and notes that Apple has "no peer" when it comes to smartphones.

As 2012 comes to a close, more "year's best" lists will be published. Let's see how many have a place for Apple and its products.