Apple To Pay $60 Million Over iPad Trademark Dispute
tekgoblin writes "Today a Chinese court has stated Apple, Inc. has agreed to pay a Chinese company $60 Million dollars to settle their infamous iPad name dispute. In 2006 Apple purchased the Taiwanese rights to the name 'iPad' from the company Proview Electronics. In China however, the trademarked name was still owned by Proview Technologies, a Shenzhen based subsidiary of Proview Electronics. Since 2011, Proview Technologies has battled Apple in the Xicheng district court and in 2012 the Santa Clara Superior Court. Both cases are still ongoing."
...die by the sword.
US companies are forbidden by law to pay bribes so they have to go about it a round about way.
This is just the price of doing business in China.
Bad analogies are like waxing a monkey with a rainbow.
For the couple minutes it takes them to make it back.
Funny how a company that cares so much about their supposed IPs being protected, they have no respect for the IPs of others. The fair thing here is for the owner of the iPad name to get a massive chunk of royalties from each iPad sold in China.
In 2006 Apple purchased the Taiwanese rights to the name 'iPad' from the company Proview Electronics. In China however, the trademarked name was still owned by Proview Technologies, a Shenzhen based subsidiary of Proview Electronics.
According to Proview's creditors. There's plenty of evidence to the contrary.
I'm betting the flood of Apple investment in Chinese factories during these proceedings was the larger part of the deal with the Chinese government to allow Apple to use the trademark. The 60 million is more for show so Apple can be painted as being in the wrong instead of being shook down. In the end, Apple will continue to make billions and the Chinese government will get a cut.
iPhone, iOS and now iPad have all cost Apple tens of millions in licensing and settlement fees, as they did not have the trademark on any of these names.
If they licensed the name from the parent corp then how can a subsidiary company make a claim on it? Surely a license from the parent by implication means a license from all the parts of the corporation? Or is chinese law just wierd?
Hint1: I don't own, rent or lease or have anything to do with any iCrap.
Hint2: The settlement wouldn't affect Apple's real customers (the iStock holders) even if it was bigger than one of their lowest exec's lunch tabs, which it's not.
Per China, Taiwan is sovereign nation. Gotcha! So when doing business in Taiwan, the Chinese have made it clear that it does not carry over to the mainland. Glad we cleared that up.
Chinese leadership wealth makes Romney look "middle class" in comparison.
They should move the factories too, but Apple is too entrenched. The Chinese would still be able to get their iPhones the old way by mail order or US agents.
Customers in China account for 12% of Apple revenues. This may double soon as their demand is insatiable.
how buthurt they get when someone rips them off
other stories have noted that Apple bought the iPad trademark in 2007 from Protech, worldwide... except for China. "hello again, I now have copies of the negatives for sale, and I already have one bid..."
if this is supposed to be a new economy, how come they still want my old fashioned money?
They must have taken that out of their spare change cup. If that isn't a slap in the face of that Chinese company I don't know what is.
Seems like it's "One China, except when two Chinas can charge you twice"
I know a hot topic gets multiple selections, so do Slashdot editors pick the one with the single worst article? This news items is covered in several reputable places, yet, they selected a submission that looks like it was written by an 8th grader. They use AP's Tweet to make it look like an official AP story/headline. There's brilliantly nonsensical lines like "Proview is continuing their lawsuit in Santa Clara for $1.5 billion dollars while allging fraud and unfair competition. The case was soon after thrown out by a judge."
The best thing about a boolean is even if you are wrong, you are only off by a bit.
"Chinese Court Sides with Nationalistic Blackmailers Against Apple in Blatant Racism."
Tell it like it is.
If there is no Taiwan because China owns it, then why go to a fictitious country to buy rights to a trademark?
(PS when you bought London Bridge, thinking it was Tower Bridge, did you then whine that you had a right to the one you THOUGHT you were buying? No. Why? Because in those days you USians weren't self-obsessed whiny little bitches)
Dumbfuck arrogant ignorant nerd.