Menu

Daily News for the Geek Mind

Apple pays $60 Million in iPad Trademark Settlement with Chinese Proview

Jul 2 2012, 2:02am CDT | by , in News | Apple

Apple pays $60 Million in iPad Trademark Settlement with Chinese Proview

Apple paid up in iPad trademark claim of China based Proview International Holdings Ltd. Apple pays hefty sum to make the problem go away.

Apple now has paid twice for the iPad trademark. Back in 2009 they already paid Proview for the iPad name. A couple month ago though, Proview's Chinese unit said that the deal did not include the Chinese iPad trademark rights. The Chinese market is extremely important for Apple and this issue was just a risk to get slowed down. $60 million is a big sum, but it makes sense for Apple to spend it to not risk an iPad sales ban in China.

More details on the Wall Street Journal.

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Now Watch

Read the Latest from I4U News

Lost Memories Retrieved by Light

Lost Memories Retrieved by Light

15 hours ago, 7:42am CDT

GoPro's Hero+ LCD  has a Touchscreen

GoPro's Hero+ LCD has a Touchscreen

15 hours ago, 7:42am CDT

HIV can be Sugar Starved to Death

HIV can be Sugar Starved to Death

16 hours ago, 7:14am CDT

Comments

blog comments powered by Disqus