It's probably a good thing that Apple finally got approval to sell its iPhone in China. China is a booming economy and one of the largest developing markets for mobile gadgets. China Unicom, China's second largest wireless carrier, started accepting reservations for the new iPhone 5 on Monday.
The device doesn't launch until December 14, and pre-orders have only been accepted for two days, but reports are saying that they have already seen 100,000 pre-orders in the first day alone. The iPhone 4 saw only 50,000 first day pre-orders, so Apple and its investors should be happy about reaching this new market.