Apple-Proview ‘iPad’ trademark issue in China settled for $60 million
Proview holds the trademark of the name ‘iPad’ and as Apple has been using it for long time to sell its tablet, both the companies went into the court of law. This also led Chinese officials removing and seizing all the iPads in store and keeping them away from the sales counters.
And in order to settle the issue, Apple has finally paid Proview a whooping $60 million for gaining access to the title of ‘iPad’ and also start selling the tablet in China. Now the $60 million figure would seem to be huge, but then it is not that huge as Proview was seeking $2 billion initially.
Also don’t forget to read our review of the new iPad.