Apple settles iPad trademark dispute with $60million settlement

Proview have often been accused of trying to cash in on the success of the iPad by claiming that they owned the rights to the iPad in the Chinese market after registering it in 2000.

As a result, they were quick to take Apple to court, even though Apple insisted that it had obtained the worldwide rights for the term ‘iPad’ in 2009. Nonetheless, Apple have now agreed to pay the firm $60million in order to settle the dispute.

This was necessary for Apple considering Apple products were being removed off shop shelves in certain parts of China. A country within which one of the fastest growing markets is for Apple products.

However, it was expected that Apple would be quick to settle the dispute and now simply move on and ensure that one of the biggest markets for their products carries on growing.