Apple Inc’s latest iPhone has received final clearance from Chinese regulators, paving the way for a December debut in a highly competitive market where the lack of a new model had severely eroded its share of product sales.
China is Apple’s second-largest market and its Chinese fans are eagerly awaiting the latest model of its smartphone, the iPhone 5, which was released in the United States in September.
Apple has said that the iPhone 5 will be released in China in December, but the long wait caused Apple’s smartphone market share to halve to 10 percent in the second quarter as users switch brands or hold out for the latest model, data from industry research firm IDC showed in August.
