Apple is hot in China again, but it won't overtake Huawei anytime soon

Hong Kong (CNN Business)Apple saw a huge boost in iPhone sales in China last month, but embattled tech giant Huawei won't giving up the top spot anytime soon. Sales for the iPhone jumped 18% in December compared to the same month a year earlier, according to data from the China Academy of Information and Communication Technology. The news beat Wall Street projections and sent Apple shares to a record high on Thursday. But Apple (AAPL) has been losing ground to domestic rivals in China for years, and analysts say that trend is unlikely to change. The biggest reason is because Apple sells expensive phones to wealthy customers. That only allows Apple to go after so much of the market, since...