Apple has recently paid a huge chunk of money for a dispute that the company thought was already settled a few years back. The Cupertino-based company has paid Shenzhen Proview Technology (SPT) a staggering $60 million for the global rights over the name iPad which the company thought they’ve already purchased back in 2009. But the Chinese Court ruled out the settlement made 2 years back and said that the rights were never transferred and that SPT still has the full rights over the name iPad last December. Due to the current financial status of the Chinese manufacturer, the company asked the court to order the Chinese authorities to seize iPads to force Apple to settle the costly dispute. Apple could’ve just given SPT and their pathetic dispute a cold shoulder but they can’t afford to lose their second largest market (China) for $60M which isn’t that substantial considering the amount they’d lose if they didn’t. After the payment was made, Guangdong High People's Court stated that the “the iPad dispute resolution is ended†after “Apple Inc. [ Updated: Read our full iPad Review ] I am writing this blog entry with the iPad as a testament that this device can also be a content-creation device. Read more in our articles including "Apple settles China dispute over iPad name for $60M" and "Blogging with the iPad".
Apple has recently paid a huge chunk of money for a dispute that the company thought was already settled a few years back. The Cupertino-based company has paid Shenzhen Proview Technology (SPT) a staggering $60 million for the global rights over the name iPad which the company thought they’ve already purchased back in 2009.
But the Chinese Court ruled out the settlement made 2 years back and said that the rights were never transferred and that SPT still has the full rights over the name iPad last December. Due to the current financial status of the Chinese manufacturer, the company asked the court to order the Chinese authorities to seize iPads to force Apple to settle the costly dispute. Apple could’ve just given SPT and their pathetic dispute a cold shoulder but they can’t afford to lose their second largest market (China) for $60M which isn’t that substantial considering the amount they’d lose if they didn’t.
Our coverage of ipad dispute includes: "Apple settles China dispute over iPad name for $60M"; "Blogging with the iPad"; "iPad starts shipping; did you get one?". Each article provides unique insights and information.