Thursday, July 5, 2012

Finally, Apple owns the name 'iPad'

  • Apple finally acquires the name "iPad" in China. Shenzhen Proview Technology had trademarked the name "iPad" in 2001. Apple paid the company about $55,000 in 2009.
  • Company reportedly pays $60 million to Taiwan's Shenzhen Proview Technology. Proview argued Apple negotiated as a fake company: IP Application Development.
  • A lawyer for Proview told the Times that the company hoped for more money but settled because it has debts to pay. He said it had wanted as much as $400 million, according to the Times.

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