iPhone Tops China Market After Shipments Soar, Counterpoint Says

Apple Inc. retook the top spot in China after iPhone shipments jumped 28% during the holiday quarter despite a worsening shortage of vital memory chips, according to Counterpoint Research.

The iPhone 17 generation of devices drew consumers, with Apple’s handsets accounting for one in every five shipments in the December quarter, the research firm estimated. That growth came at the expense of Huawei Technologies Co. and Xiaomi Corp., both of which experienced double-digit percentage declines. Overall, shipments in the world’s largest smartphone arena fell 1.6%.