Apple Has Great News From China

Apple’s (NASDAQ:AAPL) iPhone 5 has cleared its biggest hurdle before reaching Chinese markets after receiving mandatory regulatory certification. According to Sina Tech, two versions of the device were granted the China Compulsory Certification on September 24. The iPhone’s A1429 model works with China Unicom’s (NYSE:CHU) WCDMA network, while the A1442 model corresponds to the CDMA2000 network, possibly to support China Telecom’s (NYSE:CHA) systems.

While Apple has still not listed China in its list of countries scheduled to receive the iPhone 5 in the coming days, China Unicom had earlier confirmed that it will make all attempts to start selling the device this year as long as it received regulatory approval. Apple will possibly still need to obtain a network access license and an all-clear from the China Radio Management agency.

Apple has been a huge winning stock pick for Wall St. Cheat Sheet Newsletter subscribers. Don’t waste another minute — click here and get more of our CHEAT SHEET stock picks now.

China Mobile (NYSE:CHL), the world’s largest wireless carrier by subscribers, does not currently have a deal with Apple because of network incompatibility issues, but it may not be long before the iPhone maker works on the required changes, considering the carrier’s reach.

Hong Kong, Japan, and Singapore were among the first group of countries to receive the new device on September 21 alongside the U.S., Australia, Canada, France, Germany, and the U.K. Apple plans to take it to 22 more countries on September 28 and reach 100 by the end of the year.

Don’t Miss: Has Apple Fixed the iPhone 5 Supply Issue?