Apple pays $60 million to settle suit in China

John Moe Jul 2, 2012

You remember that lingering litigation in China a while back over a company that wanted to be able to sell something called an iPad except that the company wasn’t Apple? Proview says it registered the name iPad way back in 2000 but Apple said it acquired all the rights to the name in 2009. Alas.

From the BBC:

Apple had bought the global rights to the “iPad” from Proview’s Taiwanese affiliate for $55,000 (£35,000).
However, the Chinese firm had argued that its affiliate did not have the rights to sell the iPad name rights for China, which is one of the fastest-growing markets for Apple’s products.
The dispute between the two firms resulted in Apple’s iPads being pulled off the shelves in some parts of China.

Now Apple has settled up the case for 60 million bucks, which is an amount that I would be delighted to find on the sidewalk but an amount Apple won’t likely notice much.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!