Following the announcement that the iPhone Air will now be available for pre-order in China, Apple’s stock price increased

After China’s major telecom carriers received the required regulatory authorization to offer eSIM services, Apple said Monday that the iPhone Air will be available for pre-order in China later this week. This news caused Apple’s shares to rise.

The only iPhone model in China that supports an eSIM (a digital SIM card built into the device) is the Air, which starts at 7,999 yuan ($1,121.56).

According to a website connected to the Ministry of Industry and Information Technology, China Mobile, China Telecom, and China Unicom, the country’s three largest telecom providers, have been given regulatory authority to provide eSIM trial services, as reported Monday.