As iPhone 6 units are smuggled in 'Twinkie boxes,' Chinese government says regulatory approval coming soon

Appearing on CNBC Tuesday morning, reporter Eunice Yoon said that just hours ago, the Chinese government said the review of the license for the iPhone 6 would be "completed soon." That, she said, has helped to temporarily drive down prices for Apple's new handset on the black market, with locals believing that sales through official channels could begin.

Currently, the iPhone 6 is selling for about $1,900, while the iPhone 6 Plus is said to be going for around $3,250 U.S. The most popular colors are gold and space grey, which according to Yoon are commanding up to a $500 premium in unauthorized sales.

And while Chinese customs are cracking down on illegal imports of the iPhone 6, smugglers have been getting creative to earn a profit.