The magazine has drafted a classification of the best products of 2012.
The iPhone 5 takes the first place in the ranking on the top 10 gadgets of the year.
The magazine praises Apple’s product for its great camera, its panorama function, but also its popularity.
The top also includes the 15-inch MacBook Retina display, but no iPad tablet.
Microsoft’s Surface was chosen instead of the popular Apple product.
Here is Time Magazine’s top 10 of the year:
1. iPhone 5
2. Nintendo Wii U
3. Sony Cyber-shot RX100
4. Raspberry Pi Model B
6. Apple 15” MacBook Pro with Retina Display
7. Microsoft Surface with Windows RT
8. Samsung Galaxy Note II