|Nov 29, 2012, 08:25 AM||#1|
iPhone 5 Receives Final Regulatory Certification in China
The Wall Street Journal reports that the iPhone 5 has received its final certification from Chinese regulators, opening the door to a launch on Apple's carrier partners China Unicom and China Telecom.
Apple has been placing a strong focus on the Chinese market, which now accounts for 15% of the company's revenue and and saw revenues rise 78% to $23.8 billion in fiscal 2012.
Still, Apple's product launches in China have typically lagged behind those in the company's other major markets, leading to a booming gray market for devices brought in from Hong Kong and elsewhere while also leaving the company more vulnerable to competitors. But with Apple's goal of bringing the iPhone 5 to at least 100 countries before the end of 2012, the company is clearly working hard on compressing its worldwide rollout timetables.
Article Link: iPhone 5 Receives Final Regulatory Certification in China
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