Apple Pays $60 Million In IPad Trademark Settlement With Chinese Proview

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

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

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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.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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