Apple's Future, Like Its Products, Will Be Made in China (Update1)

And once the iPhone 5 is announced (many are expecting an October launch), China's importance will be even greater.

Shares of Apple are soaring in early Wednesday trading, up 9.9% to $615.56.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

--Written by Chris Ciaccia in New York

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