Michael Beasley (21 points) led the charge for Phoenix but missed a wide-open layup with 2.8 seconds remaining that would have tied the game.
Ultimately though, it wouldn't have come down to that if Goran Dragic and the Suns could have contained Holiday better. Beyond the points explosion, Holiday also contributed 13 assists and three rebounds while shooting an effective 13-of-21 from the field.
The Suns had a chance to capture the lead when a 6-0 run cut the deficit to 98-97 with just 1:06 remaining but former Sun Jason Richardson hit a difficult 15-foot jump shot to extend Philly's lead back to three. The teams then traded careful blows before Beasley blew it with his miss.
Despite the final score, Phoenix had some excellent contributions off the bench as Luis Scola (10 points, seven rebounds), Jermaine O'Neal (11 points, three rebounds, two blocks) and Sebastian Telfair (12 points, three rebounds, two assists) led the way for a unit that put up 40 points.
The Suns will now look to rebound as they head to Cleveland Tuesday to face the Cavaliers in the second matchup of Phoenix's six-game road trip.