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Report: iPhone will drop in China on Friday

Daily Finance is reporting today on the iPhone's pending release in China. We've been reporting on this gradual deal for a while now. Back in July it looked like the deal might be delayed until 2010, but earlier this month, Apple's VP of iPhone and iPod product marketing Greg Joswiak (among others) traveled to China to meet with China Unicom.

Earlier this week, China Unicom confirmed with Reuters that the iPhone would be part of a media briefing they've got scheduled for this Friday, further fueling speculation that a release is imminent.

The potential of the Chinese market is huge for Apple. A population of over 1.3 billion and an advanced mobile broadband network (download speeds are superior to the norm here in the US) seem to be the ingredients for a very successful market. We'll let you know what happens.