What does Huawei’s new phone series mean for Apple in China?

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What does Huawei’s new phone series mean for Apple in China?
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A new series of smartphones launched by China's Huawei Technologies (HWT.UL) has drawn global attention for containing technology that indicates the company has managed to overcome U.S. sanctions and could come back as a rival to Apple

Speed tests shared by buyers on Chinese social media have suggested that the Mate 60 Pro is capable of download speeds exceeding those of top line 5G phones.

Lists of possible Chinese suppliers have been widely circulated online, with shares of companies touted as possible candidates soaring on the speculation., which makes molds, for instance rose by the daily upward limit of 10% in the days after Huawei's launch. It did not respond to a Reuters' request for comment., whose shares have risen by 15% since the new smartphones were launched on Aug. 29, told Reuters it was a supplier for the new Mate 60 series.

The U.S. restrictions left Apple as the main maker of premium smartphones in China. Over the same period, Apple's market share in China rose to 19% from 11%,according to data from research firm Counterpoint.

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