Apple (AAPL) will pay $60M to settle a trademark dispute with Hong Kong computer monitor maker...


Apple (AAPL) will pay $60M to settle a trademark dispute with Hong Kong computer monitor maker Proview over the iPad name. The lawsuit had hampered sales and delayed the launch of the new iPad in China, and the court-mediated settlement now will allow AAPL to get on with selling its popular tablet PC in one of its most important markets.

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Comments (5)
  • BigBoeing
    , contributor
    Comments (55) | Send Message
     
    OK. Yes, it was a buyoff. But that said, $60M was a VERY cheap price to pay to access this all-important market. AAPL's future growth lies in the PRC!!
    2 Jul 2012, 09:10 AM Reply Like
  • evannever
    , contributor
    Comments (52) | Send Message
     
    A bargain at twice the price.
    2 Jul 2012, 09:21 AM Reply Like
  • 19IgfBUi69
    , contributor
    Comments (75) | Send Message
     
    Good news as the above two comments suggest. Also, settlement should help AAPL with approvals needed for deals with government owned enterprises.
    2 Jul 2012, 01:16 PM Reply Like
  • berylrb
    , contributor
    Comments (2374) | Send Message
     
    Q2 Apple sold 11.8M iPads w/o China (150% increase y to y), so $60M is a bargain given no iPads in China last year, eh?
    2 Jul 2012, 02:20 PM Reply Like
  • Vipertom
    , contributor
    Comments (169) | Send Message
     
    Maybe sales of the iPad were permitted in Hong Kong, but not the mainland?
    2 Jul 2012, 10:07 PM Reply Like
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