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Huawei in freefall as Apple logs record quarterly smartphone shipments

Apple Inc's smartphone shipments jumped 22 per cent to record levels in the fourth quarter, making it the world's biggest seller, while those for Huawei plunged as U.S. 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.

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