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.
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.
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?
Actually... Apple paid for the name in good faith.
"I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)
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?
Seems like it's "One China, except when two Chinas can charge you twice"
They can afford it on one day's sales, so why not?
There are two types of people in the world: Those who crave closure
And fucked up big time. Due diligence? NOT!
My understanding is that this only affects the sale of iPads in China, so I'd imagine they'd tack on an extra fee only for Chinese iPad customers. Even if all iPads had a price increase, since Apple is selling almost 60M of them a year (http://money.msn.com/top-stocks/post.aspx?post=b738b448-5097-44bd-9bdb-48b8d7c8b083) that'd mean just about $1/unit to recoup all costs within a year. So about the price of a single app, or less than the price of gas to drive up to the Apple store.
The best thing about a boolean is even if you are wrong, you are only off by a bit.
I love how a disparaging play on a company's name gives your point so much more added weight.
Does it work the same if I say I don't buy Motorhole-a or SameSong phones? How about referring to the Galaxy NextCopy?
No, I sound like an idiot. My arguments lose weight due to communication noise, and using such non-sequiturs actually makes me a bit dumber each time I use one. Given the frequency that I hear that on Slashdot these days (the intellectual equivalent of "Your mom's a poo poo head!"), that explains a lot.
The best thing about a boolean is even if you are wrong, you are only off by a bit.
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.
They purchased the rights for Taiwan, not China.
Purchasing rights to use a trademark in Mexico does not give one rights to use a trademark in the United States.
Except... that's not what happened.
They bought what they thought were the world-wide rights to the trademark. What Apple did that you really should be bitching about is they created a dummy corp and lied to Proview about what the trademark was for. "Oh well we're just a piddly lil company that needs that acronymn, it's hardly worth anything but if you'd like to part with it..."
"I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)
Don't you mean iRonic? They better quit it now before they get bitten again with all the i-something stuff.
WARNING: Smartphones have side effects--most of them undocumented.
iSee what you did there! :)
"Chinese Court Sides with Nationalistic Blackmailers Against Apple in Blatant Racism."
Tell it like it is.