Apple Receives Chinese Approval To Sell iPad (AAPL)

It appears that Apple AAPL has received approval from the Chinese government to sell the iPad tablet device in the People's Republic of China. This had been a significant concern to Wall Street analysts, and could potentially catalyze a move higher in the shares. During today's trading session, AAPL shares have gained 0.18% to $262.40. The stock has been having a difficult time getting above the $260 level and staying there. Over the last three months, AAPL has traded in a fairly tight range and has gained 1.3%.