Apple liable for a billion dollars?
Apple bought the trademark to the name iPad back before it launched the dominating tablet years ago. The trademark was originally held by a Chinese Firm called Proview Technology in China and several other countries. Proview sold the trademark to a UK firm that then sold it to Apple. Apparently, Apple thought it had the global rights to the Trademark.
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That isn't the case though; Proview has maintained the trademark rights to iPad in China reports Reuters. Apple and the company had been in a suit with Proview said to be seeking more than a billion dollars in compensation from Apple for infringing in its trademark in China.
Apple lost the court case over the trademark this week. Whether or not Apple will be forced to hand over more than a billion dollars to the Chinese firm remains to be seen. Proview has apparently held the trademark in China since 2000. It remains to be seen what Apple do about the name of its tablet, perhaps iTablet will get some use after all.