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iPhone 5 receives approval in China

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It appears that the iPhone 5 has received a "network access license" in China, meaning that one of the major roadblocks to selling the newest iPhone on the mainland has been removed.

According to a Wall Street Journal post from this morning, regulatory approval for iPhones supported by both China Telecom and China Unicom has been granted, meaning that the smartphones should go on sale within weeks.

Wall Street analysts believe that Apple wanted to wait for demand for the iPhone 5 to be sated in the US before sales began in mainland China. With the impending release of the iPhone 5 on two carriers in China, Apple is on track to have the phone available in 100 countries by the end of the year.

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