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Apple, Facing Competition, Readies iPhone for Launch in Giant China Market

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"Apple is getting closer to clearing the hurdles to start selling iPhones in China, one of the last major phone markets Apple has yet to tap," the Wall Street Journal reports. "The release of the iPhone in China could turbocharge overseas growth for what is already Apple's fastest-growing product. China is the world's largest mobile market by subscribers, with some 687 million subscribers. That compares with more than 270 million subscribers in the U.S."