Apple Takes Smartphone Lead in China, Helping Drive Record Profit

The iPhone has advanced in China while homegrown Huawei has seen a decline in its market share following U.S. sanctions

came in part because of excitement for the iPhone 13 in China, where homegrown Huawei Technologies Co. has seen a decline in its market share following U.S. sanctions.

Greater China revenue rose 21% to a record $25.8 billion during the quarter ending in December, the Cupertino, Calif., tech giant said Thursday. That outpaced its overall revenue growth of 11% to $124 billion, its slowest year-over-year rise in more than a year.

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