Apple logs record quarterly smartphone shipments, Huawei in freefall

Apple Inc’s smartphone shipments jumped 22% to record levels in the fourth quarter, making it the world’s biggest seller, while those for Huawei plunged as US sanctions took effect.

An expanded number of models and a new look for the iPhone 12 lineup, Apple’s first 5G-enabled devices, tapped pent up demand for upgrades, especially in China.

Shipments hit 90.1 million phones, a record for any quarter, giving it global market share of 23.4%, data from research firm IDC showed.