We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Apple stumps up $60m for iPad name

Apple settles iPad trademark in China

Apple has paid a Chinese firm a sum of $60m to settle a clash over the iPad trademark.

The iPhone maker has been forced to pay Proview Technology the portly amount to end a dispute over which owed the name. Apple had bought the iPad name from Proview in numerous countries but not in China.

Apple iPad

A court ruled that Proview still owned the iPad trademark in China after registering it in 2001. The settlement has been mediated by a court and allows Apple to sell its popular tablet in China, according to The Telegraph.

Teck-Zhung Wong, analyst at IDC said: "The settlement is great news for Apple. It just allows them to get on with business and stop being distracted. The new iPad has been so late to the China market that if they drag it any longer, Apple will stand to lose quite a bit more,"

The third generation iPad launched in the UK back in March.

The settlement fee is not bad for Proview, because although Proview owns the trademark, it was Apple, not Proview, who created the brand's value," said Chen Jihong, a Beijing-based intellectual property rights lawyer at Zhong Lun Law Firm.

Follow Chris Martin and @PCAdvisor on Twitter.


IDG UK Sites

Best camera phone of 2015: iPhone 6 Plus vs LG G4 vs Galaxy S6 vs One M9 vs Nexus 6

IDG UK Sites

In defence of BlackBerrys

IDG UK Sites

Why we should reserve judgement on Apple ditching Helvetica in OS X/iOS for the Apple Watch's San...

IDG UK Sites

Retina 3.3GHz iMac 27in preview: Apple cuts £400 of price of Retina iMac with new model