Apple returns as top-selling vendor in China, world's largest mobile market, report
Gains attributed to Apple's release of its iPhone 13, decline of Huawei Technologies Co.
U.S.-based tech giant Apple Inc. has reached its highest market share in China and was the top-selling vendor in that country for the first time in six years, according to a financial research report released Wednesday.
The report by Counterpoint Research was based on Apple’s fourth-quarter earnings statement.
The gains are being attributed to Apple's release of its iPhone 13 and the decline of Huawei Technologies Co., according to Reuters.
The newly released iPhone 13 helped Apple out sell Chinese rivals Vivo and Oppo after Huawei's fall – largely the result of U.S. curbs on technology exports crippling the company’s smartphone business, briefly the world’s largest, according to Bloomberg News.
China is the world's largest mobile market.