Apple has paid $60m (£38.2m) to settle a dispute in China over ownership of the iPad name, a court there announced on Monday, removing a key obstacle to sales of its tablet computer in the enormous Chinese market. Apple’s long-running dispute with Shenzhen Proview Technology, which had claimed to own the name, highlighted the possible pitfalls for global companies in China’s young trademark system. But it also posed a challenge for the communist government, which wants to attract technology investors to develop China’s economy. Apple said it bought the global rights to the “iPad” name from Proview in 2009, but Chinese authorities said the rights in China were never transferred. Read the full story at The Guardian.
Apple pays $60m to settle iPad dispute in China
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).